2024 MKD to UZS Historical Review

YEARLY HIGH

231.7607 UZS

YEARLY LOW

215.6170 UZS

YEARLY AVERAGE

222.3633 UZS

2024 MKD to UZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 231.7607. Conversely, the yearly low was recorded on February 13, dropping to 215.6170.

This high-to-low spread represents a total annual volatility of 16.1437 UZS. From a start-to-finish perspective, comparing the January average rate of 219.3957 to the December average rate of 219.1479, the exchange rate registered a net change of -0.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 231.7607 was up 3.98% compared to the 2023 peak of 222.8886, 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 1,158,803 UZS

2023 Average 1,031,001 UZS

Yearly Trough Low 1,078,085 UZS

Transaction Impact: A difference of 80,718.39 UZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

230.6366

216.8403

JanuMarcMayJulySeptNove

MKD to UZS 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 220.5459, compared to 224.1808 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.6349 points.

H1 Avg (Jan–Jun) 220.5459

H2 Avg (Jul–Dec) 224.1808

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 10.1574 UZS (High: 230.1437 / Low: 219.9863). On the other end, March was the most stable month, with a tight range of 3.5496 UZS (High: 223.2462 / Low: 219.6966).

August Spread (Volatile) ±10.1574

March Spread (Stable) ±3.5496

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 October and November, when the average rate fell by 5.0751 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -5.0751

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 229.4869) against the same month in 2023 (average: 211.0764), the exchange rate shifted by +18.4105 (+8.72%).

2024 Avg (September) 229.4869

2023 Avg (September) 211.0764

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	221.9324	217.6624	219.3957
February	220.3489	215.6170	217.9900
March	223.2462	219.6966	221.6819
April	223.6172	218.4373	220.6120
May	225.2397	218.3597	222.8435
June	223.8562	218.5250	220.7520
July	224.3239	219.1096	222.1520
August	230.1437	219.9863	225.9588
September	231.7607	226.6063	229.4869
October	230.6981	224.5745	226.7071
November	226.9272	217.1768	221.6320
December	220.9719	216.9250	219.1479