YEARLY HIGH
405.8593 STD
YEARLY LOW
375.3374 STD
YEARLY AVERAGE
391.7262 STD

2024 MKD to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 405.8593. Conversely, the yearly low was recorded on December 19, dropping to 375.3374.

This high-to-low spread represents a total annual volatility of 30.5219 STD. From a start-to-finish perspective, comparing the January average rate of 395.1024 to the December average rate of 379.3837, the exchange rate registered a net change of -3.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 405.8593 was down 2.60% compared to the 2023 peak of 416.7110, 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 2,029,297 STD
2023 Average 1,984,306 STD
Yearly Trough Low 1,876,687 STD
Transaction Impact: A difference of 152,609.52 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

404.4241
377.1073
JanuMarcMayJulySeptNove

MKD to STD 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: JanтАУJun) was 391.3436, compared to 392.1088 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.7652 points.

H1 Avg (JanтАУJun) 391.3436
H2 Avg (JulтАУDec) 392.1088

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 18.3270 STD (High: 395.4970 / Low: 377.1700). On the other end, March was the most stable month, with a tight range of 5.4570 STD (High: 396.0711 / Low: 390.6141).

November Spread (Volatile) ┬▒18.3270
March Spread (Stable) ┬▒5.4570

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 9.5869 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -9.5869

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 398.7441) against the same month in 2023 (average: 394.7631), the exchange rate shifted by +3.9810 (+1.01%).

2024 Avg (August) 398.7441
2023 Avg (August) 394.7631

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 399.6548 391.8075 395.1024
February 394.1866 387.3377 390.6304
March 396.0711 390.6141 393.4225
April 393.0798 383.9981 388.0216
May 394.0454 385.8918 391.3271
June 394.8688 386.7997 389.5577
July 396.1814 388.7610 392.7171
August 405.8593 390.2687 398.7441
September 404.6941 398.7585 402.1477
October 402.5913 390.2946 394.6235
November 395.4970 377.1700 385.0366
December 383.2231 375.3374 379.3837