2024 PKR to MKD Historical Review

YEARLY HIGH

0.2133 MKD

YEARLY LOW

0.1976 MKD

YEARLY AVERAGE

0.2043 MKD

2024 PKR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PKR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.2133. Conversely, the yearly low was recorded on August 24, dropping to 0.1976.

This high-to-low spread represents a total annual volatility of 0.0157 MKD. From a start-to-finish perspective, comparing the January average rate of 0.2015 to the December average rate of 0.2112, the exchange rate registered a net change of 4.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2133 was down 17.29% compared to the 2023 peak of 0.2579, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 106,655 MKD

2023 Average 102,289 MKD

Yearly Trough Low 98,793 MKD

Transaction Impact: A difference of 7,861.38 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2124

0.1979

JanuMarcMayJulySeptNove

PKR 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 0.2043, compared to 0.2044 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.2043

H2 Avg (Jul–Dec) 0.2044

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0100 MKD (High: 0.2127 / Low: 0.2027). On the other end, September was the most stable month, with a tight range of 0.0024 MKD (High: 0.2006 / Low: 0.1982).

November Spread (Volatile) ±0.0100

September Spread (Stable) ±0.0024

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 0.0031 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.2112) against the same month in 2023 (average: 0.1999), the exchange rate shifted by +0.0113 (+5.63%).

2024 Avg (December) 0.2112

2023 Avg (December) 0.1999

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2050	0.1993	0.2015
February	0.2067	0.2021	0.2044
March	0.2055	0.2015	0.2033
April	0.2086	0.2039	0.2065
May	0.2073	0.2033	0.2046
June	0.2069	0.2025	0.2054
July	0.2059	0.2020	0.2039
August	0.2049	0.1976	0.2007
September	0.2006	0.1982	0.1991
October	0.2056	0.1992	0.2032
November	0.2127	0.2027	0.2083
December	0.2133	0.2090	0.2112