2024 MKD to TWD Historical Review

YEARLY HIGH

0.5824 TWD

YEARLY LOW

0.5449 TWD

YEARLY AVERAGE

0.5642 TWD

2024 MKD to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 0.5824. Conversely, the yearly low was recorded on February 6, dropping to 0.5449.

This high-to-low spread represents a total annual volatility of 0.0375 TWD. From a start-to-finish perspective, comparing the January average rate of 0.5531 to the December average rate of 0.5546, the exchange rate registered a net change of 0.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5824 was up 2.17% compared to the 2023 peak of 0.5700, 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 2,912 TWD

2023 Average 2,736 TWD

Yearly Trough Low 2,725 TWD

Transaction Impact: A difference of 187.28 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5794

0.5484

JanuMarcMayJulySeptNove

MKD to TWD 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 0.5600, compared to 0.5684 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.5600

H2 Avg (Jul–Dec) 0.5684

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0180 TWD (High: 0.5788 / Low: 0.5607). On the other end, September was the most stable month, with a tight range of 0.0083 TWD (High: 0.5812 / Low: 0.5730).

October Spread (Volatile) ±0.0180

September Spread (Stable) ±0.0083

Growth Streaks & Declines

Trends

Between February and May, 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 0.0096 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0096

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.5768) against the same month in 2023 (average: 0.5637), the exchange rate shifted by +0.0131 (+2.33%).

2024 Avg (August) 0.5768

2023 Avg (August) 0.5637

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5580	0.5486	0.5531
February	0.5570	0.5449	0.5509
March	0.5645	0.5539	0.5594
April	0.5679	0.5586	0.5633
May	0.5729	0.5633	0.5672
June	0.5729	0.5617	0.5663
July	0.5802	0.5677	0.5751
August	0.5824	0.5726	0.5768
September	0.5812	0.5730	0.5767
October	0.5788	0.5607	0.5685
November	0.5651	0.5515	0.5588
December	0.5582	0.5498	0.5546