2024 MKD to SBD Historical Review

YEARLY HIGH

0.1551 SBD

YEARLY LOW

0.1412 SBD

YEARLY AVERAGE

0.1481 SBD

2024 MKD to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.1551. Conversely, the yearly low was recorded on December 19, dropping to 0.1412.

This high-to-low spread represents a total annual volatility of 0.0139 SBD. From a start-to-finish perspective, comparing the January average rate of 0.1493 to the December average rate of 0.1427, the exchange rate registered a net change of -4.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1551 was up 1.51% compared to the 2023 peak of 0.1528, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MKD based on timing:

Yearly Peak High 776 SBD

2023 Average 733 SBD

Yearly Trough Low 706 SBD

Transaction Impact: A difference of 69.43 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1526

0.1418

JanuMarcMayJulySeptNove

MKD to SBD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.1486, compared to 0.1476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.1486

H2 Avg (Jul–Dec) 0.1476

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0067 SBD (High: 0.1551 / Low: 0.1484). On the other end, February was the most stable month, with a tight range of 0.0028 SBD (High: 0.1495 / Low: 0.1467).

March Spread (Volatile) ±0.0067

February Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0034 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.1495) against the same month in 2023 (average: 0.1430), the exchange rate shifted by +0.0065 (+4.52%).

2024 Avg (March) 0.1495

2023 Avg (March) 0.1430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1511	0.1471	0.1493
February	0.1495	0.1467	0.1482
March	0.1551	0.1484	0.1495
April	0.1498	0.1458	0.1477
May	0.1503	0.1469	0.1490
June	0.1501	0.1465	0.1479
July	0.1504	0.1472	0.1489
August	0.1542	0.1485	0.1517
September	0.1524	0.1492	0.1505
October	0.1498	0.1451	0.1471
November	0.1473	0.1419	0.1445
December	0.1441	0.1412	0.1427