2024 MKD to SCR Historical Review

YEARLY HIGH

0.2667 SCR

YEARLY LOW

0.2271 SCR

YEARLY AVERAGE

0.2403 SCR

2024 MKD to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 0.2667. Conversely, the yearly low was recorded on December 2, dropping to 0.2271.

This high-to-low spread represents a total annual volatility of 0.0397 SCR. From a start-to-finish perspective, comparing the January average rate of 0.2373 to the December average rate of 0.2404, the exchange rate registered a net change of 1.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2667 was up 3.49% compared to the 2023 peak of 0.2577, 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 1,334 SCR

2023 Average 1,181 SCR

Yearly Trough Low 1,135 SCR

Transaction Impact: A difference of 198.26 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2468

0.2350

JanuMarcMayJulySeptNove

MKD to SCR 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 0.2385, compared to 0.2421 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.2385

H2 Avg (Jul–Dec) 0.2421

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0360 SCR (High: 0.2667 / Low: 0.2307). On the other end, May was the most stable month, with a tight range of 0.0098 SCR (High: 0.2439 / Low: 0.2341).

October Spread (Volatile) ±0.0360

May Spread (Stable) ±0.0098

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0053 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.2429) against the same month in 2023 (average: 0.2288), the exchange rate shifted by +0.0141 (+6.14%).

2024 Avg (October) 0.2429

2023 Avg (October) 0.2288

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2470	0.2307	0.2373
February	0.2417	0.2292	0.2359
March	0.2525	0.2351	0.2400
April	0.2488	0.2325	0.2367
May	0.2439	0.2341	0.2398
June	0.2554	0.2355	0.2415
July	0.2493	0.2360	0.2432
August	0.2662	0.2327	0.2458
September	0.2535	0.2326	0.2427
October	0.2667	0.2307	0.2429
November	0.2498	0.2290	0.2376
December	0.2581	0.2271	0.2404