2024 NPR to MKD Historical Review

YEARLY HIGH

0.4374 MKD

YEARLY LOW

0.4100 MKD

YEARLY AVERAGE

0.4251 MKD

2024 NPR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NPR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.4374. Conversely, the yearly low was recorded on August 24, dropping to 0.4100.

This high-to-low spread represents a total annual volatility of 0.0273 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4242 to the December average rate of 0.4322, the exchange rate registered a net change of 1.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4374 was down 1.76% compared to the 2023 peak of 0.4452, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NPR based on timing:

Yearly Peak High 2,187 MKD

2023 Average 2,156 MKD

Yearly Trough Low 2,050 MKD

Transaction Impact: A difference of 136.64 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4341

0.4113

JanuMarcMayJulySeptNove

NPR 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 0.4277, compared to 0.4225 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 0.4277

H2 Avg (Jul–Dec) 0.4225

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0188 MKD (High: 0.4374 / Low: 0.4185). On the other end, September was the most stable month, with a tight range of 0.0050 MKD (High: 0.4161 / Low: 0.4111).

November Spread (Volatile) ±0.0188

September Spread (Stable) ±0.0050

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0076 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.4289) against the same month in 2023 (average: 0.4279), the exchange rate shifted by +0.0010 (+0.24%).

2024 Avg (November) 0.4289

2023 Avg (November) 0.4279

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4281	0.4177	0.4242
February	0.4334	0.4232	0.4295
March	0.4300	0.4242	0.4266
April	0.4346	0.4259	0.4306
May	0.4301	0.4240	0.4269
June	0.4312	0.4235	0.4283
July	0.4291	0.4209	0.4243
August	0.4265	0.4100	0.4167
September	0.4161	0.4111	0.4132
October	0.4241	0.4117	0.4198
November	0.4374	0.4185	0.4289
December	0.4360	0.4290	0.4322