2024 RUB to MKD Historical Review

YEARLY HIGH

0.6868 MKD

YEARLY LOW

0.5146 MKD

YEARLY AVERAGE

0.6144 MKD

2024 RUB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RUB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 19, valuing the pair at 0.6868. Conversely, the yearly low was recorded on November 27, dropping to 0.5146.

This high-to-low spread represents a total annual volatility of 0.1721 MKD. From a start-to-finish perspective, comparing the January average rate of 0.6314 to the December average rate of 0.5663, the exchange rate registered a net change of -10.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6868 was down 20.08% compared to the 2023 peak of 0.8593, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,434 MKD

2023 Average 3,370 MKD

Yearly Trough Low 2,573 MKD

Transaction Impact: A difference of 860.70 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6581

0.5580

JanuMarcMayJulySeptNove

RUB 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 0.6268, compared to 0.6021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0247 points.

H1 Avg (Jan–Jun) 0.6268

H2 Avg (Jul–Dec) 0.6021

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0869 MKD (High: 0.6015 / Low: 0.5146). On the other end, March was the most stable month, with a tight range of 0.0138 MKD (High: 0.6242 / Low: 0.6104).

November Spread (Volatile) ±0.0869

March Spread (Stable) ±0.0138

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0215 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0215

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.6491) against the same month in 2023 (average: 0.6823), the exchange rate shifted by -0.0331 (-4.86%).

2024 Avg (June) 0.6491

2023 Avg (June) 0.6823

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6424	0.6131	0.6314
February	0.6327	0.5999	0.6212
March	0.6242	0.6104	0.6166
April	0.6240	0.6099	0.6175
May	0.6404	0.6135	0.6249
June	0.6868	0.6270	0.6491
July	0.6683	0.6355	0.6498
August	0.6676	0.6001	0.6286
September	0.6353	0.5850	0.6071
October	0.5952	0.5774	0.5866
November	0.6015	0.5146	0.5740
December	0.5926	0.5211	0.5663