2024 MKD to SRD Historical Review

YEARLY HIGH

0.6591 SRD

YEARLY LOW

0.5049 SRD

YEARLY AVERAGE

0.5824 SRD

2024 MKD to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.6591. Conversely, the yearly low was recorded on August 1, dropping to 0.5049.

This high-to-low spread represents a total annual volatility of 0.1542 SRD. From a start-to-finish perspective, comparing the January average rate of 0.6506 to the December average rate of 0.5997, the exchange rate registered a net change of -7.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6591 was down 5.94% compared to the 2023 peak of 0.7007, 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 3,295 SRD

2023 Average 3,216 SRD

Yearly Trough Low 2,524 SRD

Transaction Impact: A difference of 770.95 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6641

0.5018

JanuMarcMayJulySeptNove

MKD to SRD 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 0.6050, compared to 0.5597 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0453 points.

H1 Avg (Jan–Jun) 0.6050

H2 Avg (Jul–Dec) 0.5597

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0581 SRD (High: 0.6072 / Low: 0.5491). On the other end, December was the most stable month, with a tight range of 0.0165 SRD (High: 0.6088 / Low: 0.5923).

October Spread (Volatile) ±0.0581

December Spread (Stable) ±0.0165

Growth Streaks & Declines

Trends

Between August and November, 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 April and May, when the average rate fell by 0.0300 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0300

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.6506) against the same month in 2023 (average: 0.5565), the exchange rate shifted by +0.0941 (+16.91%).

2024 Avg (January) 0.6506

2023 Avg (January) 0.5565

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6591	0.6425	0.6506
February	0.6481	0.6192	0.6338
March	0.6303	0.6127	0.6221
April	0.6151	0.5886	0.6028
May	0.5895	0.5647	0.5728
June	0.5712	0.5328	0.5482
July	0.5381	0.5069	0.5233
August	0.5240	0.5049	0.5153
September	0.5568	0.5178	0.5362
October	0.6072	0.5491	0.5758
November	0.6196	0.6008	0.6080
December	0.6088	0.5923	0.5997