2024 MKD to VND Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MKD to VND Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MKD to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 454.9161. Conversely, the yearly low was recorded on February 13, dropping to 424.6118.
This high-to-low spread represents a total annual volatility of 30.3043 VND. From a start-to-finish perspective, comparing the January average rate of 434.0937 to the December average rate of 432.8312, the exchange rate registered a net change of -0.29% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 454.9161 was up 3.63% compared to the 2023 peak of 439.0017, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MKD to VND Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 438.3784, compared to 442.4639 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.0855 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 19.6000 VND (High: 449.8742 / Low: 430.2742). On the other end, March was the most stable month, with a tight range of 6.2634 VND (High: 438.7852 / Low: 432.5218).
Growth Streaks & Declines
TrendsBetween 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 November and December, when the average rate fell by 5.4890 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 448.0427) against the same month in 2023 (average: 422.8791), the exchange rate shifted by +25.1636 (+5.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 436.9933 | 429.6257 | 434.0937 |
| February | 434.4554 | 424.6118 | 429.4618 |
| March | 438.7852 | 432.5218 | 436.5310 |
| April | 442.4554 | 432.4160 | 438.4980 |
| May | 450.0478 | 438.9483 | 446.8379 |
| June | 450.8163 | 442.0314 | 444.8480 |
| July | 451.1709 | 443.6558 | 447.2180 |
| August | 454.9161 | 441.7994 | 448.0427 |
| September | 447.3134 | 439.6551 | 444.7696 |
| October | 447.2872 | 440.2765 | 443.6016 |
| November | 449.8742 | 430.2742 | 438.3202 |
| December | 436.4160 | 428.9541 | 432.8312 |