2024 MKD to TOP Historical Review

YEARLY HIGH

0.0429 TOP

YEARLY LOW

0.0403 TOP

YEARLY AVERAGE

0.0416 TOP

2024 MKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0429. Conversely, the yearly low was recorded on December 19, dropping to 0.0403.

This high-to-low spread represents a total annual volatility of 0.0025 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0418 to the December average rate of 0.0408, the exchange rate registered a net change of -2.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0429 was down 0.10% compared to the 2023 peak of 0.0429, 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 214 TOP

2023 Average 207 TOP

Yearly Trough Low 202 TOP

Transaction Impact: A difference of 12.63 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0425

0.0406

JanuMarcMayJulySeptNove

MKD to TOP 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 0.0416, compared to 0.0417 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0416

H2 Avg (Jul–Dec) 0.0417

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0017 TOP (High: 0.0422 / Low: 0.0406). On the other end, January was the most stable month, with a tight range of 0.0005 TOP (High: 0.0419 / Low: 0.0415).

November Spread (Volatile) ±0.0017

January Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between 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 November and December, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.0423) against the same month in 2023 (average: 0.0421), the exchange rate shifted by +0.0002 (+0.41%).

2024 Avg (August) 0.0423

2023 Avg (August) 0.0421

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0419	0.0415	0.0418
February	0.0419	0.0411	0.0415
March	0.0421	0.0415	0.0418
April	0.0420	0.0412	0.0415
May	0.0418	0.0414	0.0416
June	0.0418	0.0409	0.0412
July	0.0421	0.0412	0.0417
August	0.0429	0.0417	0.0423
September	0.0426	0.0419	0.0423
October	0.0423	0.0416	0.0418
November	0.0422	0.0406	0.0413
December	0.0412	0.0403	0.0408