2024 MYR to MKD Historical Review

YEARLY HIGH

13.3912 MKD

YEARLY LOW

11.8773 MKD

YEARLY AVERAGE

12.4534 MKD

2024 MYR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 13.3912. Conversely, the yearly low was recorded on February 21, dropping to 11.8773.

This high-to-low spread represents a total annual volatility of 1.5139 MKD. From a start-to-finish perspective, comparing the January average rate of 12.0449 to the December average rate of 13.1657, the exchange rate registered a net change of 9.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 13.3912 was down 0.57% compared to the 2023 peak of 13.4680, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 267,825 MKD

2023 Average 249,915 MKD

Yearly Trough Low 237,547 MKD

Transaction Impact: A difference of 30,278.15 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

13.2856

11.8475

JanuMarcMayJulySeptNove

MYR to MKD 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 12.0472, compared to 12.8597 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8125 points.

H1 Avg (Jan–Jun) 12.0472

H2 Avg (Jul–Dec) 12.8597

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.6221 MKD (High: 13.3912 / Low: 12.7692). On the other end, May was the most stable month, with a tight range of 0.0869 MKD (High: 12.1174 / Low: 12.0305).

September Spread (Volatile) ±0.6221

May Spread (Stable) ±0.0869

Growth Streaks & Declines

Trends

Between February and June, 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 October and November, when the average rate fell by 0.0834 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0834

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 13.0125) against the same month in 2023 (average: 12.3143), the exchange rate shifted by +0.6983 (+5.67%).

2024 Avg (September) 13.0125

2023 Avg (September) 12.3143

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.2388	11.9512	12.0449
February	12.0908	11.8773	11.9673
March	12.0765	11.9092	12.0043
April	12.1480	11.9365	12.0516
May	12.1174	12.0305	12.0717
June	12.2240	11.9882	12.1430
July	12.3861	12.0218	12.1200
August	12.8937	12.4958	12.6606
September	13.3912	12.7692	13.0125
October	13.2945	12.9397	13.1413
November	13.2221	12.9113	13.0579
December	13.2569	13.0806	13.1657