2024 MKD to SEK Historical Review

YEARLY HIGH

0.1918 SEK

YEARLY LOW

0.1807 SEK

YEARLY AVERAGE

0.1858 SEK

2024 MKD to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.1918. Conversely, the yearly low was recorded on January 1, dropping to 0.1807.

This high-to-low spread represents a total annual volatility of 0.0111 SEK. From a start-to-finish perspective, comparing the January average rate of 0.1835 to the December average rate of 0.1872, the exchange rate registered a net change of 2.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1918 was down 1.17% compared to the 2023 peak of 0.1941, 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 959 SEK

2023 Average 932 SEK

Yearly Trough Low 904 SEK

Transaction Impact: A difference of 55.46 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1893

0.1824

JanuMarcMayJulySeptNove

MKD to SEK 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 0.1852, compared to 0.1865 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.1852

H2 Avg (Jul–Dec) 0.1865

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0089 SEK (High: 0.1908 / Low: 0.1819). On the other end, December was the most stable month, with a tight range of 0.0030 SEK (High: 0.1888 / Low: 0.1858).

July Spread (Volatile) ±0.0089

December Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0050 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.1884) against the same month in 2023 (average: 0.1843), the exchange rate shifted by +0.0041 (+2.23%).

2024 Avg (April) 0.1884

2023 Avg (April) 0.1843

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1854	0.1807	0.1835
February	0.1871	0.1810	0.1830
March	0.1877	0.1814	0.1841
April	0.1918	0.1861	0.1884
May	0.1904	0.1857	0.1888
June	0.1857	0.1817	0.1837
July	0.1908	0.1819	0.1874
August	0.1881	0.1837	0.1860
September	0.1862	0.1829	0.1845
October	0.1885	0.1840	0.1855
November	0.1899	0.1858	0.1881
December	0.1888	0.1858	0.1872