2024 MKD to SZL Historical Review

YEARLY HIGH

0.3396 SZL

YEARLY LOW

0.3006 SZL

YEARLY AVERAGE

0.3220 SZL

2024 MKD to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 0.3396. Conversely, the yearly low was recorded on December 12, dropping to 0.3006.

This high-to-low spread represents a total annual volatility of 0.0390 SZL. From a start-to-finish perspective, comparing the January average rate of 0.3331 to the December average rate of 0.3103, the exchange rate registered a net change of -6.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3396 was down 1.55% compared to the 2023 peak of 0.3449, 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 1,698 SZL

2023 Average 1,620 SZL

Yearly Trough Low 1,503 SZL

Transaction Impact: A difference of 194.83 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3354

0.3070

JanuMarcMayJulySeptNove

MKD to SZL 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 0.3287, compared to 0.3154 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0132 points.

H1 Avg (Jan–Jun) 0.3287

H2 Avg (Jul–Dec) 0.3154

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0240 SZL (High: 0.3349 / Low: 0.3109). On the other end, March was the most stable month, with a tight range of 0.0078 SZL (High: 0.3365 / Low: 0.3287).

June Spread (Volatile) ±0.0240

March Spread (Stable) ±0.0078

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 September and October, when the average rate fell by 0.0069 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0069

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.3325) against the same month in 2023 (average: 0.3112), the exchange rate shifted by +0.0214 (+6.87%).

2024 Avg (February) 0.3325

2023 Avg (February) 0.3112

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3384	0.3285	0.3331
February	0.3396	0.3282	0.3325
March	0.3365	0.3287	0.3327
April	0.3338	0.3231	0.3283
May	0.3283	0.3199	0.3231
June	0.3349	0.3109	0.3222
July	0.3250	0.3150	0.3213
August	0.3301	0.3167	0.3225
September	0.3223	0.3111	0.3180
October	0.3160	0.3078	0.3110
November	0.3129	0.3048	0.3093
December	0.3181	0.3006	0.3103