2024 PEN to MKD Historical Review

YEARLY HIGH

15.9045 MKD

YEARLY LOW

14.6016 MKD

YEARLY AVERAGE

15.1615 MKD

2024 PEN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 15.9045. Conversely, the yearly low was recorded on September 24, dropping to 14.6016.

This high-to-low spread represents a total annual volatility of 1.3029 MKD. From a start-to-finish perspective, comparing the January average rate of 15.1151 to the December average rate of 15.7394, the exchange rate registered a net change of 4.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 15.9045 was up 1.10% compared to the 2023 peak of 15.7318, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 79,523 MKD

2023 Average 76,144 MKD

Yearly Trough Low 73,008 MKD

Transaction Impact: A difference of 6,514.53 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

15.8433

14.5958

JanuMarcMayJulySeptNove

PEN 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 15.1829, compared to 15.1402 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0427 points.

H1 Avg (Jan–Jun) 15.1829

H2 Avg (Jul–Dec) 15.1402

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.6406 MKD (High: 15.3403 / Low: 14.6996). On the other end, September was the most stable month, with a tight range of 0.2592 MKD (High: 14.8608 / Low: 14.6016).

August Spread (Volatile) ±0.6406

September Spread (Stable) ±0.2592

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 August and September, when the average rate fell by 0.2634 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2634

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 15.7394) against the same month in 2023 (average: 15.0922), the exchange rate shifted by +0.6472 (+4.29%).

2024 Avg (December) 15.7394

2023 Avg (December) 15.0922

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.2749	14.8780	15.1151
February	15.0343	14.7704	14.8988
March	15.4194	15.0320	15.2465
April	15.6573	15.2713	15.4558
May	15.4886	15.1035	15.2606
June	15.2654	14.9665	15.1203
July	15.2525	14.8881	15.0757
August	15.3403	14.6996	14.9632
September	14.8608	14.6016	14.6998
October	15.1960	14.8455	15.0544
November	15.5759	14.9398	15.3087
December	15.9045	15.5403	15.7394