2024 MKD to ZAR Historical Review

YEARLY HIGH

0.3397 ZAR

YEARLY LOW

0.3021 ZAR

YEARLY AVERAGE

0.3223 ZAR

2024 MKD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 0.3397. Conversely, the yearly low was recorded on December 11, dropping to 0.3021.

This high-to-low spread represents a total annual volatility of 0.0376 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.3325 to the December average rate of 0.3106, the exchange rate registered a net change of -6.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3397 was down 1.39% compared to the 2023 peak of 0.3445, 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 1,698 ZAR

2023 Average 1,621 ZAR

Yearly Trough Low 1,510 ZAR

Transaction Impact: A difference of 188.07 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3358

0.3080

JanuMarcMayJulySeptNove

MKD to ZAR 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 0.3288, compared to 0.3157 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0131 points.

H1 Avg (Jan–Jun) 0.3288

H2 Avg (Jul–Dec) 0.3157

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0228 ZAR (High: 0.3352 / Low: 0.3125). On the other end, July was the most stable month, with a tight range of 0.0078 ZAR (High: 0.3250 / Low: 0.3173).

June Spread (Volatile) ±0.0228

July Spread (Stable) ±0.0078

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0063 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0063

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3325) against the same month in 2023 (average: 0.2987), the exchange rate shifted by +0.0338 (+11.32%).

2024 Avg (January) 0.3325

2023 Avg (January) 0.2987

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3397	0.3257	0.3325
February	0.3396	0.3279	0.3335
March	0.3366	0.3286	0.3329
April	0.3343	0.3243	0.3289
May	0.3315	0.3186	0.3233
June	0.3352	0.3125	0.3219
July	0.3250	0.3173	0.3213
August	0.3326	0.3176	0.3232
September	0.3220	0.3102	0.3175
October	0.3160	0.3078	0.3112
November	0.3184	0.3037	0.3103
December	0.3189	0.3021	0.3106