2024 MKD to TRY Historical Review

YEARLY HIGH

0.6208 TRY

YEARLY LOW

0.5281 TRY

YEARLY AVERAGE

0.5780 TRY

2024 MKD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 0.6208. Conversely, the yearly low was recorded on January 3, dropping to 0.5281.

This high-to-low spread represents a total annual volatility of 0.0926 TRY. From a start-to-finish perspective, comparing the January average rate of 0.5336 to the December average rate of 0.5960, the exchange rate registered a net change of 11.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6208 was up 16.37% compared to the 2023 peak of 0.5334, 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 3,104 TRY

2023 Average 2,093 TRY

Yearly Trough Low 2,641 TRY

Transaction Impact: A difference of 463.13 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6230

0.5255

JanuMarcMayJulySeptNove

MKD to TRY 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 0.5567, compared to 0.5994 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0428 points.

H1 Avg (Jan–Jun) 0.5567

H2 Avg (Jul–Dec) 0.5994

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0388 TRY (High: 0.6198 / Low: 0.5810). On the other end, December was the most stable month, with a tight range of 0.0058 TRY (High: 0.5981 / Low: 0.5923).

August Spread (Volatile) ±0.0388

December Spread (Stable) ±0.0058

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0112 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.6148) against the same month in 2023 (average: 0.4686), the exchange rate shifted by +0.1462 (+31.20%).

2024 Avg (September) 0.6148

2023 Avg (September) 0.4686

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5365	0.5281	0.5336
February	0.5492	0.5333	0.5401
March	0.5735	0.5507	0.5661
April	0.5688	0.5591	0.5635
May	0.5702	0.5624	0.5667
June	0.5763	0.5648	0.5699
July	0.5885	0.5687	0.5803
August	0.6198	0.5810	0.6031
September	0.6208	0.6086	0.6148
October	0.6186	0.6003	0.6068
November	0.6090	0.5848	0.5956
December	0.5981	0.5923	0.5960