2024 MKD to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MKD to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MKD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 220.4540. Conversely, the yearly low was recorded on December 19, dropping to 42.3236.
This high-to-low spread represents a total annual volatility of 178.1304 SYP. From a start-to-finish perspective, comparing the January average rate of 44.5524 to the December average rate of 105.7863, the exchange rate registered a net change of 137.44% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 220.4540 was up 380.58% compared to the 2023 peak of 45.8727, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MKD to SYP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 44.1285, compared to 54.7159 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.5874 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 178.1304 SYP (High: 220.4540 / Low: 42.3236). On the other end, March was the most stable month, with a tight range of 0.6153 SYP (High: 44.6616 / Low: 44.0462).
Growth Streaks & Declines
TrendsBetween June and September, 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 October and November, when the average rate fell by 1.0810 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 105.7863) against the same month in 2023 (average: 44.5627), the exchange rate shifted by +61.2236 (+137.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 45.0657 | 44.1808 | 44.5524 |
| February | 44.4491 | 43.6768 | 44.0481 |
| March | 44.6616 | 44.0462 | 44.3629 |
| April | 44.3243 | 43.3002 | 43.7539 |
| May | 44.4332 | 43.5138 | 44.1266 |
| June | 44.5260 | 43.6161 | 43.9271 |
| July | 44.6740 | 43.8373 | 44.2834 |
| August | 45.7653 | 44.0073 | 44.9630 |
| September | 45.6339 | 44.9646 | 45.3468 |
| October | 45.3968 | 44.0102 | 44.4984 |
| November | 44.5969 | 42.5303 | 43.4173 |
| December | 220.4540 | 42.3236 | 105.7863 |