2024 NZD to MKD Historical Review

YEARLY HIGH

35.3926 MKD

YEARLY LOW

33.1468 MKD

YEARLY AVERAGE

34.4128 MKD

2024 NZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 35.3926. Conversely, the yearly low was recorded on December 18, dropping to 33.1468.

This high-to-low spread represents a total annual volatility of 2.2458 MKD. From a start-to-finish perspective, comparing the January average rate of 34.8200 to the December average rate of 33.7005, the exchange rate registered a net change of -3.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 35.3926 was down 5.31% compared to the 2023 peak of 37.3765, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 176,963 MKD

2023 Average 174,831 MKD

Yearly Trough Low 165,734 MKD

Transaction Impact: A difference of 11,229.19 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

35.2237

33.5620

JanuMarcMayJulySeptNove

NZD 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 34.6700, compared to 34.1557 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5143 points.

H1 Avg (Jan–Jun) 34.6700

H2 Avg (Jul–Dec) 34.1557

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 1.5692 MKD (High: 34.9381 / Low: 33.3689). On the other end, June was the most stable month, with a tight range of 0.6513 MKD (High: 35.3926 / Low: 34.7414).

July Spread (Volatile) ±1.5692

June Spread (Stable) ±0.6513

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.8549 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8549

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 35.0852) against the same month in 2023 (average: 34.8906), the exchange rate shifted by +0.1946 (+0.56%).

2024 Avg (June) 35.0852

2023 Avg (June) 34.8906

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.2652	34.3445	34.8200
February	35.2755	34.2717	34.9559
March	34.8060	33.9135	34.4078
April	34.4385	33.7672	34.1874
May	34.8722	34.2160	34.5634
June	35.3926	34.7414	35.0852
July	34.9381	33.3689	34.2303
August	34.8155	33.4690	34.0076
September	35.0395	34.1432	34.4984
October	34.7628	33.7934	34.3070
November	34.6112	33.7158	34.1901
December	34.4735	33.1468	33.7005