2024 PGK to MKD Historical Review

YEARLY HIGH

15.3506 MKD

YEARLY LOW

13.7881 MKD

YEARLY AVERAGE

14.6249 MKD

2024 PGK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 9, valuing the pair at 15.3506. Conversely, the yearly low was recorded on September 25, dropping to 13.7881.

This high-to-low spread represents a total annual volatility of 1.5624 MKD. From a start-to-finish perspective, comparing the January average rate of 15.1057 to the December average rate of 14.5282, the exchange rate registered a net change of -3.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 15.3506 was down 7.89% compared to the 2023 peak of 16.6648, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 76,753 MKD

2023 Average 79,082 MKD

Yearly Trough Low 68,941 MKD

Transaction Impact: A difference of 7,812.21 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

15.2319

13.8813

JanuMarcMayJulySeptNove

PGK 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 14.9283, compared to 14.3214 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6069 points.

H1 Avg (Jan–Jun) 14.9283

H2 Avg (Jul–Dec) 14.3214

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.6338 MKD (High: 15.3381 / Low: 14.7043). On the other end, May was the most stable month, with a tight range of 0.4041 MKD (High: 14.9614 / Low: 14.5573).

January Spread (Volatile) ±0.6338

May Spread (Stable) ±0.4041

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 April and May, when the average rate fell by 0.3453 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3453

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 15.1193) against the same month in 2023 (average: 16.3018), the exchange rate shifted by -1.1824 (-7.25%).

2024 Avg (February) 15.1193

2023 Avg (February) 16.3018

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.3381	14.7043	15.1057
February	15.3506	14.9174	15.1193
March	15.2821	14.7155	14.9110
April	15.3300	14.8082	15.0278
May	14.9614	14.5573	14.6825
June	14.9308	14.5073	14.7237
July	14.8837	14.3712	14.5527
August	14.5368	13.9451	14.2336
September	14.1945	13.7881	13.9939
October	14.4675	13.8506	14.2253
November	14.6746	14.0443	14.3950
December	14.7945	14.3841	14.5282