2024 PHP to MKD Historical Review

YEARLY HIGH

1.0268 MKD

YEARLY LOW

0.9614 MKD

YEARLY AVERAGE

0.9933 MKD

2024 PHP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 1.0268. Conversely, the yearly low was recorded on June 4, dropping to 0.9614.

This high-to-low spread represents a total annual volatility of 0.0654 MKD. From a start-to-finish perspective, comparing the January average rate of 1.0078 to the December average rate of 1.0053, the exchange rate registered a net change of -0.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0268 was down 3.43% compared to the 2023 peak of 1.0633, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 256,691 MKD

2023 Average 255,968 MKD

Yearly Trough Low 240,348 MKD

Transaction Impact: A difference of 16,342.21 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0230

0.9655

JanuMarcMayJulySeptNove

PHP 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 1.0010, compared to 0.9856 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0153 points.

H1 Avg (Jan–Jun) 1.0010

H2 Avg (Jul–Dec) 0.9856

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0373 MKD (High: 1.0023 / Low: 0.9650). On the other end, July was the most stable month, with a tight range of 0.0116 MKD (High: 0.9760 / Low: 0.9644).

November Spread (Volatile) ±0.0373

July Spread (Stable) ±0.0116

Growth Streaks & Declines

Trends

Between July and September, 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 April and May, when the average rate fell by 0.0212 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 1.0182) against the same month in 2023 (average: 1.0488), the exchange rate shifted by -0.0306 (-2.91%).

2024 Avg (February) 1.0182

2023 Avg (February) 1.0488

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0134	0.9981	1.0078
February	1.0268	1.0064	1.0182
March	1.0197	1.0041	1.0130
April	1.0197	0.9930	1.0068
May	1.0020	0.9688	0.9856
June	0.9826	0.9614	0.9744
July	0.9760	0.9644	0.9703
August	0.9901	0.9725	0.9809
September	0.9948	0.9826	0.9888
October	0.9961	0.9714	0.9825
November	1.0023	0.9650	0.9861
December	1.0210	0.9920	1.0053