2024 QAR to MKD Historical Review

YEARLY HIGH

16.2833 MKD

YEARLY LOW

15.1048 MKD

YEARLY AVERAGE

15.6187 MKD

2024 QAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 16.2833. Conversely, the yearly low was recorded on September 26, dropping to 15.1048.

This high-to-low spread represents a total annual volatility of 1.1786 MKD. From a start-to-finish perspective, comparing the January average rate of 15.4800 to the December average rate of 16.1232, the exchange rate registered a net change of 4.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 16.2833 was up 0.90% compared to the 2023 peak of 16.1387, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 81,417 MKD

2023 Average 78,141 MKD

Yearly Trough Low 75,524 MKD

Transaction Impact: A difference of 5,892.79 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

16.2145

15.1190

JanuMarcMayJulySeptNove

QAR 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 15.6299, compared to 15.6075 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0224 points.

H1 Avg (Jan–Jun) 15.6299

H2 Avg (Jul–Dec) 15.6075

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.7562 MKD (High: 16.2275 / Low: 15.4713). On the other end, March was the most stable month, with a tight range of 0.2130 MKD (High: 15.6630 / Low: 15.4499).

November Spread (Volatile) ±0.7562

March Spread (Stable) ±0.2130

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 0.2117 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2117

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 16.1232) against the same month in 2023 (average: 15.4714), the exchange rate shifted by +0.6518 (+4.21%).

2024 Avg (December) 16.1232

2023 Avg (December) 15.4714

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.6213	15.2482	15.4800
February	15.7994	15.4887	15.6551
March	15.6630	15.4499	15.5523
April	15.9335	15.5572	15.7653
May	15.8525	15.5175	15.6293
June	15.8161	15.4970	15.6973
July	15.7426	15.4408	15.5708
August	15.7449	15.1178	15.3591
September	15.3449	15.1048	15.2103
October	15.6770	15.1716	15.4918
November	16.2275	15.4713	15.8896
December	16.2833	15.9409	16.1232