2024 MKD to UAH Historical Review

YEARLY HIGH

0.7528 UAH

YEARLY LOW

0.6565 UAH

YEARLY AVERAGE

0.7062 UAH

2024 MKD to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 0.7528. Conversely, the yearly low was recorded on February 5, dropping to 0.6565.

This high-to-low spread represents a total annual volatility of 0.0963 UAH. From a start-to-finish perspective, comparing the January average rate of 0.6711 to the December average rate of 0.7113, the exchange rate registered a net change of 6.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7528 was up 9.02% compared to the 2023 peak of 0.6905, 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 3,764 UAH

2023 Average 3,232 UAH

Yearly Trough Low 3,282 UAH

Transaction Impact: A difference of 481.34 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7527

0.6582

JanuMarcMayJulySeptNove

MKD to UAH 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 0.6854, compared to 0.7270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0417 points.

H1 Avg (Jan–Jun) 0.6854

H2 Avg (Jul–Dec) 0.7270

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0359 UAH (High: 0.7363 / Low: 0.7004). On the other end, December was the most stable month, with a tight range of 0.0077 UAH (High: 0.7149 / Low: 0.7073).

November Spread (Volatile) ±0.0359

December Spread (Stable) ±0.0077

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0155 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0155

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.7448) against the same month in 2023 (average: 0.6405), the exchange rate shifted by +0.1043 (+16.28%).

2024 Avg (September) 0.7448

2023 Avg (September) 0.6405

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6839	0.6599	0.6711
February	0.6783	0.6565	0.6660
March	0.6927	0.6693	0.6836
April	0.6908	0.6801	0.6857
May	0.7151	0.6857	0.6979
June	0.7157	0.7029	0.7079
July	0.7372	0.7091	0.7228
August	0.7506	0.7204	0.7369
September	0.7528	0.7379	0.7448
October	0.7459	0.7224	0.7309
November	0.7363	0.7004	0.7154
December	0.7149	0.7073	0.7113