2011 BAM to MKD Historical Review

YEARLY HIGH

31.6659 MKD

YEARLY LOW

31.1071 MKD

YEARLY AVERAGE

31.3528 MKD

2011 BAM to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BAM to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 31.6659. Conversely, the yearly low was recorded on October 27, dropping to 31.1071.

This high-to-low spread represents a total annual volatility of 0.5589 MKD. From a start-to-finish perspective, comparing the January average rate of 31.3441 to the December average rate of 31.3639, the exchange rate registered a net change of 0.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 31.6659 was down 0.10% compared to the 2010 peak of 31.6984, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 158,330 MKD

2010 Average 156,752 MKD

Yearly Trough Low 155,535 MKD

Transaction Impact: A difference of 2,794.32 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

31.3995

31.3014

JanuMarcMayJulySeptNove

BAM 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 31.3452, compared to 31.3604 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0151 points.

H1 Avg (Jan–Jun) 31.3452

H2 Avg (Jul–Dec) 31.3604

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.5156 MKD (High: 31.6659 / Low: 31.1504). On the other end, March was the most stable month, with a tight range of 0.1963 MKD (High: 31.4637 / Low: 31.2674).

September Spread (Volatile) ±0.5156

March Spread (Stable) ±0.1963

Growth Streaks & Declines

Trends

Between January and March, 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 April and May, when the average rate fell by 0.0306 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0306

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 31.3423) against the same month in 2010 (average: 31.3706), the exchange rate shifted by -0.0283 (-0.09%).

2011 Avg (September) 31.3423

2010 Avg (September) 31.3706

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.4614	31.1904	31.3441
February	31.4707	31.2715	31.3489
March	31.4637	31.2674	31.3682
April	31.4404	31.2027	31.3402
May	31.4398	31.1350	31.3096
June	31.5601	31.2030	31.3605
July	31.4922	31.2337	31.3621
August	31.4961	31.1188	31.3529
September	31.6659	31.1504	31.3423
October	31.4767	31.1071	31.3496
November	31.5388	31.2239	31.3914
December	31.4649	31.1509	31.3639