2024 SAR to MKD Historical Review

YEARLY HIGH

15.7971 MKD

YEARLY LOW

14.6402 MKD

YEARLY AVERAGE

15.1634 MKD

2024 SAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 15.7971. Conversely, the yearly low was recorded on August 25, dropping to 14.6402.

This high-to-low spread represents a total annual volatility of 1.1569 MKD. From a start-to-finish perspective, comparing the January average rate of 15.0382 to the December average rate of 15.6348, the exchange rate registered a net change of 3.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 15.7971 was up 0.83% compared to the 2023 peak of 15.6671, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 78,985 MKD

2023 Average 75,886 MKD

Yearly Trough Low 73,201 MKD

Transaction Impact: A difference of 5,784.46 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

15.7216

14.6795

JanuMarcMayJulySeptNove

SAR 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 15.1821, compared to 15.1448 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0373 points.

H1 Avg (Jan–Jun) 15.1821

H2 Avg (Jul–Dec) 15.1448

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.7370 MKD (High: 15.7341 / Low: 14.9972). On the other end, March was the most stable month, with a tight range of 0.2046 MKD (High: 15.2048 / Low: 15.0002).

November Spread (Volatile) ±0.7370

March Spread (Stable) ±0.2046

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 0.2325 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2325

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 15.6348) against the same month in 2023 (average: 15.0326), the exchange rate shifted by +0.6022 (+4.01%).

2024 Avg (December) 15.6348

2023 Avg (December) 15.0326

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.1653	14.8674	15.0382
February	15.3387	15.0732	15.2103
March	15.2048	15.0002	15.1017
April	15.4688	15.1135	15.3107
May	15.3947	15.0774	15.1821
June	15.3549	15.0451	15.2494
July	15.2768	14.9946	15.1259
August	15.2145	14.6402	14.8934
September	14.8899	14.6746	14.7663
October	15.2025	14.7403	15.0368
November	15.7341	14.9972	15.4116
December	15.7971	15.4784	15.6348