2024 MKD to SGD Historical Review

YEARLY HIGH

0.0239 SGD

YEARLY LOW

0.0227 SGD

YEARLY AVERAGE

0.0235 SGD

2024 MKD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 0.0239. Conversely, the yearly low was recorded on November 24, dropping to 0.0227.

This high-to-low spread represents a total annual volatility of 0.0011 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0237 to the December average rate of 0.0230, the exchange rate registered a net change of -2.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0239 was down 1.38% compared to the 2023 peak of 0.0242, 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 119 SGD

2023 Average 118 SGD

Yearly Trough Low 114 SGD

Transaction Impact: A difference of 5.64 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0238

0.0229

JanuMarcMayJulySeptNove

MKD to SGD 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 0.0237, compared to 0.0233 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0237

H2 Avg (Jul–Dec) 0.0233

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0007 SGD (High: 0.0235 / Low: 0.0227). On the other end, December was the most stable month, with a tight range of 0.0002 SGD (High: 0.0231 / Low: 0.0229).

November Spread (Volatile) ±0.0007

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0002 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.0237) against the same month in 2023 (average: 0.0236), the exchange rate shifted by +0.0001 (+0.35%).

2024 Avg (May) 0.0237

2023 Avg (May) 0.0236

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0238	0.0236	0.0237
February	0.0238	0.0235	0.0236
March	0.0238	0.0236	0.0237
April	0.0238	0.0235	0.0236
May	0.0239	0.0236	0.0237
June	0.0239	0.0235	0.0236
July	0.0238	0.0235	0.0237
August	0.0237	0.0233	0.0235
September	0.0235	0.0232	0.0234
October	0.0234	0.0231	0.0232
November	0.0235	0.0227	0.0231
December	0.0231	0.0229	0.0230