2011 AZN to MKD Historical Review

YEARLY HIGH

60.5913 MKD

YEARLY LOW

52.1451 MKD

YEARLY AVERAGE

55.9264 MKD

2011 AZN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AZN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 60.5913. Conversely, the yearly low was recorded on May 4, dropping to 52.1451.

This high-to-low spread represents a total annual volatility of 8.4462 MKD. From a start-to-finish perspective, comparing the January average rate of 57.6272 to the December average rate of 59.2702, the exchange rate registered a net change of 2.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 60.5913 was down 5.30% compared to the 2010 peak of 63.9838, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 302,957 MKD

2010 Average 287,556 MKD

Yearly Trough Low 260,725 MKD

Transaction Impact: A difference of 42,231.21 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

59.8316

53.0951

JanuMarcMayJulySeptNove

AZN 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 55.2447, compared to 56.6081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3634 points.

H1 Avg (Jan–Jun) 55.2447

H2 Avg (Jul–Dec) 56.6081

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 4.0659 MKD (High: 59.2083 / Low: 55.1424). On the other end, August was the most stable month, with a tight range of 1.2847 MKD (High: 55.1682 / Low: 53.8835).

October Spread (Volatile) ±4.0659

August Spread (Stable) ±1.2847

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 March and April, when the average rate fell by 1.6437 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.6437

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 59.2702) against the same month in 2010 (average: 58.1553), the exchange rate shifted by +1.1149 (+1.92%).

2011 Avg (December) 59.2702

2010 Avg (December) 58.1553

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	59.6645	56.1415	57.6272
February	57.4386	55.8787	56.5898
March	56.1987	54.4665	55.3001
April	54.7839	52.1996	53.6564
May	55.4391	52.1451	54.1155
June	55.3386	53.1286	54.1790
July	55.8755	53.8222	54.6760
August	55.1682	53.8835	54.4809
September	58.1209	54.6516	56.6644
October	59.2083	55.1424	56.9111
November	59.0040	56.5292	57.6458
December	60.5913	57.8903	59.2702