2024 MKD to XOF Historical Review

YEARLY HIGH

10.7464 XOF

YEARLY LOW

10.5573 XOF

YEARLY AVERAGE

10.6564 XOF

2024 MKD to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 10.7464. Conversely, the yearly low was recorded on August 2, dropping to 10.5573.

This high-to-low spread represents a total annual volatility of 0.1891 XOF. From a start-to-finish perspective, comparing the January average rate of 10.6610 to the December average rate of 10.6652, the exchange rate registered a net change of 0.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 10.7464 was down 0.20% compared to the 2023 peak of 10.7684, 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 53,732 XOF

2023 Average 53,230 XOF

Yearly Trough Low 52,786 XOF

Transaction Impact: A difference of 945.41 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

10.6669

10.6461

JanuMarcMayJulySeptNove

MKD to XOF 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 10.6554, compared to 10.6575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 10.6554

H2 Avg (Jul–Dec) 10.6575

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.1263 XOF (High: 10.7464 / Low: 10.6201). On the other end, July was the most stable month, with a tight range of 0.0636 XOF (High: 10.6965 / Low: 10.6330).

February Spread (Volatile) ±0.1263

July Spread (Stable) ±0.0636

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0077 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0077

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 10.6533) against the same month in 2023 (average: 10.6548), the exchange rate shifted by -0.0015 (-0.01%).

2024 Avg (February) 10.6533

2023 Avg (February) 10.6548

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.7175	10.6428	10.6610
February	10.7464	10.6201	10.6533
March	10.7198	10.6104	10.6539
April	10.7045	10.5925	10.6542
May	10.6942	10.5994	10.6536
June	10.6947	10.6115	10.6562
July	10.6965	10.6330	10.6511
August	10.6790	10.5573	10.6479
September	10.7046	10.6291	10.6558
October	10.7400	10.6227	10.6605
November	10.7027	10.6002	10.6644
December	10.7384	10.6467	10.6652