YEARLY HIGH
43.8230 MKD
YEARLY LOW
41.8053 MKD
YEARLY AVERAGE
42.5818 MKD

2024 BND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 43.8230. Conversely, the yearly low was recorded on June 3, dropping to 41.8053.

This high-to-low spread represents a total annual volatility of 2.0178 MKD. From a start-to-finish perspective, comparing the January average rate of 42.2432 to the December average rate of 43.5060, the exchange rate registered a net change of 2.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 43.8230 was up 0.62% compared to the 2023 peak of 43.5540, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 219,115 MKD
2023 Average 212,055 MKD
Yearly Trough Low 209,026 MKD
Transaction Impact: A difference of 10,088.86 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

43.6428
42.0020
JanuMarcMayJulySeptNove

BND 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 42.2843, compared to 42.8793 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5950 points.

H1 Avg (Jan–Jun) 42.2843
H2 Avg (Jul–Dec) 42.8793

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.1302 MKD (High: 43.8230 / Low: 42.6928). On the other end, December was the most stable month, with a tight range of 0.3199 MKD (High: 43.6909 / Low: 43.3710).

November Spread (Volatile) ±1.1302
December Spread (Stable) ±0.3199

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.2066 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.2066

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 43.3135) against the same month in 2023 (average: 42.2398), the exchange rate shifted by +1.0737 (+2.54%).

2024 Avg (November) 43.3135
2023 Avg (November) 42.2398

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 42.5026 42.0678 42.2432
February 42.7642 42.0357 42.4211
March 42.5001 42.0398 42.2496
April 42.6384 42.1202 42.3453
May 42.3735 41.9258 42.1388
June 42.5528 41.8053 42.3077
July 42.3719 41.9341 42.1455
August 42.7585 42.0650 42.4759
September 43.1098 42.5011 42.7388
October 43.3444 42.6508 43.0957
November 43.8230 42.6928 43.3135
December 43.6909 43.3710 43.5060