2024 SYP to MKD Historical Review

YEARLY HIGH

0.0236 MKD

YEARLY LOW

0.0045 MKD

YEARLY AVERAGE

0.0221 MKD

2024 SYP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SYP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0236. Conversely, the yearly low was recorded on December 22, dropping to 0.0045.

This high-to-low spread represents a total annual volatility of 0.0191 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0224 to the December average rate of 0.0166, the exchange rate registered a net change of -25.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0236 was up 1.03% compared to the 2023 peak of 0.0234, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 118 MKD

2023 Average 113 MKD

Yearly Trough Low 23 MKD

Transaction Impact: A difference of 95.46 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0237

0.0160

JanuMarcMayJulySeptNove

SYP 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 0.0227, compared to 0.0215 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0227

H2 Avg (Jul–Dec) 0.0215

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0191 MKD (High: 0.0236 / Low: 0.0045). On the other end, March was the most stable month, with a tight range of 0.0003 MKD (High: 0.0227 / Low: 0.0224).

December Spread (Volatile) ±0.0191

March Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between September and November, 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 November and December, when the average rate fell by 0.0064 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0064

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0166) against the same month in 2023 (average: 0.0224), the exchange rate shifted by -0.0058 (-25.83%).

2024 Avg (December) 0.0166

2023 Avg (December) 0.0224

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0226	0.0222	0.0224
February	0.0229	0.0225	0.0227
March	0.0227	0.0224	0.0225
April	0.0231	0.0226	0.0229
May	0.0230	0.0225	0.0227
June	0.0229	0.0225	0.0228
July	0.0228	0.0224	0.0226
August	0.0227	0.0219	0.0222
September	0.0222	0.0219	0.0221
October	0.0227	0.0220	0.0225
November	0.0235	0.0224	0.0230
December	0.0236	0.0045	0.0166