2024 MKD to UYU Historical Review

YEARLY HIGH

0.7678 UYU

YEARLY LOW

0.6549 UYU

YEARLY AVERAGE

0.7064 UYU

2024 MKD to UYU Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to UYU exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 0.7678. Conversely, the yearly low was recorded on April 1, dropping to 0.6549.

This high-to-low spread represents a total annual volatility of 0.1129 UYU. From a start-to-finish perspective, comparing the January average rate of 0.6946 to the December average rate of 0.7488, the exchange rate registered a net change of 7.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7678 was up 8.16% compared to the 2023 peak of 0.7098, 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 3,839 UYU

2023 Average 3,410 UYU

Yearly Trough Low 3,274 UYU

Transaction Impact: A difference of 564.42 UYU purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7568

0.6611

JanuMarcMayJulySeptNove

MKD to UYU 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 0.6816, compared to 0.7311 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0494 points.

H1 Avg (Jan–Jun) 0.6816

H2 Avg (Jul–Dec) 0.7311

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0451 UYU (High: 0.7678 / Low: 0.7227). On the other end, February was the most stable month, with a tight range of 0.0104 UYU (High: 0.6914 / Low: 0.6810).

September Spread (Volatile) ±0.0451

February Spread (Stable) ±0.0104

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 March and April, when the average rate fell by 0.0102 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.7395) against the same month in 2023 (average: 0.6599), the exchange rate shifted by +0.0796 (+12.06%).

2024 Avg (September) 0.7395

2023 Avg (September) 0.6599

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7038	0.6827	0.6946
February	0.6914	0.6810	0.6859
March	0.6931	0.6582	0.6792
April	0.6797	0.6549	0.6690
May	0.6834	0.6638	0.6759
June	0.6921	0.6789	0.6851
July	0.7142	0.6980	0.7080
August	0.7333	0.7052	0.7218
September	0.7678	0.7227	0.7395
October	0.7569	0.7201	0.7367
November	0.7401	0.7207	0.7318
December	0.7584	0.7369	0.7488