2024 RON to MKD Historical Review

YEARLY HIGH

12.4761 MKD

YEARLY LOW

12.2693 MKD

YEARLY AVERAGE

12.3714 MKD

2024 RON to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RON to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 12.4761. Conversely, the yearly low was recorded on February 3, dropping to 12.2693.

This high-to-low spread represents a total annual volatility of 0.2067 MKD. From a start-to-finish perspective, comparing the January average rate of 12.3669 to the December average rate of 12.3634, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 12.4761 was down 1.70% compared to the 2023 peak of 12.6919, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 62,380 MKD

2023 Average 62,243 MKD

Yearly Trough Low 61,347 MKD

Transaction Impact: A difference of 1,033.74 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

12.3853

12.3511

JanuMarcMayJulySeptNove

RON 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 12.3739, compared to 12.3690 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 12.3739

H2 Avg (Jul–Dec) 12.3690

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.1567 MKD (High: 12.4260 / Low: 12.2693). On the other end, July was the most stable month, with a tight range of 0.0594 MKD (High: 12.4112 / Low: 12.3517).

February Spread (Volatile) ±0.1567

July Spread (Stable) ±0.0594

Growth Streaks & Declines

Trends

Between January and March, 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 October and November, when the average rate fell by 0.0120 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0120

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 12.3759) against the same month in 2023 (average: 12.4591), the exchange rate shifted by -0.0832 (-0.67%).

2024 Avg (August) 12.3759

2023 Avg (August) 12.4591

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3972	12.3004	12.3669
February	12.4260	12.2693	12.3762
March	12.4349	12.3085	12.3824
April	12.4599	12.3160	12.3774
May	12.4353	12.3297	12.3730
June	12.4176	12.3234	12.3672
July	12.4112	12.3517	12.3820
August	12.4761	12.3280	12.3759
September	12.4095	12.3162	12.3727
October	12.4173	12.2726	12.3659
November	12.3943	12.3127	12.3540
December	12.3956	12.2795	12.3634