2011 BIF to MKD Historical Review

YEARLY HIGH

0.0418 MKD

YEARLY LOW

0.0336 MKD

YEARLY AVERAGE

0.0366 MKD

2011 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.0418. Conversely, the yearly low was recorded on May 4, dropping to 0.0336.

This high-to-low spread represents a total annual volatility of 0.0082 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0405 to the December average rate of 0.0362, the exchange rate registered a net change of -10.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0418 was down 7.26% compared to the 2010 peak of 0.0451, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 209 MKD

2010 Average 204 MKD

Yearly Trough Low 168 MKD

Transaction Impact: A difference of 40.98 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0410

0.0342

JanuMarcMayJulySeptNove

BIF 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 0.0372, compared to 0.0359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0372

H2 Avg (Jul–Dec) 0.0359

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0046 MKD (High: 0.0382 / Low: 0.0337). On the other end, August was the most stable month, with a tight range of 0.0008 MKD (High: 0.0352 / Low: 0.0344).

April Spread (Volatile) ±0.0046

August Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0036 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0405) against the same month in 2010 (average: 0.0377), the exchange rate shifted by +0.0027 (+7.26%).

2011 Avg (January) 0.0405

2010 Avg (January) 0.0377

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0418	0.0394	0.0405
February	0.0401	0.0390	0.0395
March	0.0391	0.0380	0.0386
April	0.0382	0.0337	0.0350
May	0.0359	0.0336	0.0349
June	0.0355	0.0341	0.0348
July	0.0358	0.0345	0.0350
August	0.0352	0.0344	0.0349
September	0.0372	0.0349	0.0363
October	0.0378	0.0352	0.0364
November	0.0376	0.0357	0.0367
December	0.0372	0.0349	0.0362