YEARLY HIGH
1.8935 MKD
YEARLY LOW
1.6109 MKD
YEARLY AVERAGE
1.7333 MKD

2024 TRY to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 1.8935. Conversely, the yearly low was recorded on September 26, dropping to 1.6109.

This high-to-low spread represents a total annual volatility of 0.2825 MKD. From a start-to-finish perspective, comparing the January average rate of 1.8741 to the December average rate of 1.6779, the exchange rate registered a net change of -10.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.8935 was down 39.50% compared to the 2023 peak of 3.1296, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 94,673 MKD
2023 Average 123,384 MKD
Yearly Trough Low 80,547 MKD
Transaction Impact: A difference of 14,126.49 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.8989
1.6018
JanuMarcMayJulySeptNove

TRY 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 1.7977, compared to 1.6690 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1287 points.

H1 Avg (Jan–Jun) 1.7977
H2 Avg (Jul–Dec) 1.6690

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.1078 MKD (High: 1.7213 / Low: 1.6135). On the other end, December was the most stable month, with a tight range of 0.0163 MKD (High: 1.6884 / Low: 1.6720).

August Spread (Volatile) ±0.1078
December Spread (Stable) ±0.0163

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 February and March, when the average rate fell by 0.0850 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0850

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.8741) against the same month in 2023 (average: 3.0449), the exchange rate shifted by -1.1707 (-38.45%).

2024 Avg (January) 1.8741
2023 Avg (January) 3.0449

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.8935 1.8638 1.8741
February 1.8751 1.8207 1.8516
March 1.8160 1.7436 1.7667
April 1.7885 1.7580 1.7745
May 1.7780 1.7539 1.7645
June 1.7707 1.7352 1.7546
July 1.7583 1.6992 1.7235
August 1.7213 1.6135 1.6585
September 1.6431 1.6109 1.6265
October 1.6657 1.6165 1.6482
November 1.7100 1.6419 1.6792
December 1.6884 1.6720 1.6779