2024 TND to MKD Historical Review

YEARLY HIGH

18.7365 MKD

YEARLY LOW

18.0355 MKD

YEARLY AVERAGE

18.2848 MKD

2024 TND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 18.7365. Conversely, the yearly low was recorded on July 13, dropping to 18.0355.

This high-to-low spread represents a total annual volatility of 0.7010 MKD. From a start-to-finish perspective, comparing the January average rate of 18.1740 to the December average rate of 18.5406, the exchange rate registered a net change of 2.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 18.7365 was down 0.37% compared to the 2023 peak of 18.8068, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 93,683 MKD

2023 Average 91,741 MKD

Yearly Trough Low 90,178 MKD

Transaction Impact: A difference of 3,504.97 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

18.5772

18.1374

JanuMarcMayJulySeptNove

TND 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 18.2450, compared to 18.3246 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0796 points.

H1 Avg (Jan–Jun) 18.2450

H2 Avg (Jul–Dec) 18.3246

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.5232 MKD (High: 18.7365 / Low: 18.2134). On the other end, December was the most stable month, with a tight range of 0.1849 MKD (High: 18.6302 / Low: 18.4453).

November Spread (Volatile) ±0.5232

December Spread (Stable) ±0.1849

Growth Streaks & Declines

Trends

Between August and December, 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 April and May, when the average rate fell by 0.0809 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0809

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 18.4474) against the same month in 2023 (average: 18.1947), the exchange rate shifted by +0.2527 (+1.39%).

2024 Avg (November) 18.4474

2023 Avg (November) 18.1947

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.2819	18.0918	18.1740
February	18.3317	18.1435	18.2347
March	18.3262	18.1204	18.2199
April	18.6312	18.1421	18.3085
May	18.3480	18.1267	18.2276
June	18.4013	18.1929	18.3050
July	18.3702	18.0355	18.2246
August	18.3747	18.0943	18.2065
September	18.3156	18.0427	18.2270
October	18.4175	18.0899	18.3013
November	18.7365	18.2134	18.4474
December	18.6302	18.4453	18.5406