2024 MKD to THB Historical Review

YEARLY HIGH

0.6490 THB

YEARLY LOW

0.5768 THB

YEARLY AVERAGE

0.6199 THB

2024 MKD to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on June 9, valuing the pair at 0.6490. Conversely, the yearly low was recorded on December 26, dropping to 0.5768.

This high-to-low spread represents a total annual volatility of 0.0722 THB. From a start-to-finish perspective, comparing the January average rate of 0.6237 to the December average rate of 0.5815, the exchange rate registered a net change of -6.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6490 was up 1.95% compared to the 2023 peak of 0.6366, 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 3,245 THB

2023 Average 3,053 THB

Yearly Trough Low 2,884 THB

Transaction Impact: A difference of 360.81 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6490

0.5754

JanuMarcMayJulySeptNove

MKD to THB 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 0.6352, compared to 0.6045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0307 points.

H1 Avg (Jan–Jun) 0.6352

H2 Avg (Jul–Dec) 0.6045

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0278 THB (High: 0.6146 / Low: 0.5868). On the other end, May was the most stable month, with a tight range of 0.0107 THB (High: 0.6475 / Low: 0.6368).

September Spread (Volatile) ±0.0278

May Spread (Stable) ±0.0107

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0207 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0207

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.6417) against the same month in 2023 (average: 0.6132), the exchange rate shifted by +0.0286 (+4.66%).

2024 Avg (June) 0.6417

2023 Avg (June) 0.6132

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6328	0.6098	0.6237
February	0.6331	0.6208	0.6284
March	0.6433	0.6277	0.6346
April	0.6475	0.6296	0.6401
May	0.6475	0.6368	0.6428
June	0.6490	0.6361	0.6417
July	0.6436	0.6238	0.6385
August	0.6329	0.6105	0.6211
September	0.6146	0.5868	0.6004
October	0.5986	0.5843	0.5912
November	0.6023	0.5832	0.5946
December	0.5911	0.5768	0.5815