YEARLY HIGH
11.9579 MKD
YEARLY LOW
10.1078 MKD
YEARLY AVERAGE
10.6982 MKD

2011 ARS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ARS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 11.9579. Conversely, the yearly low was recorded on May 4, dropping to 10.1078.

This high-to-low spread represents a total annual volatility of 1.8501 MKD. From a start-to-finish perspective, comparing the January average rate of 11.5413 to the December average rate of 10.8682, the exchange rate registered a net change of -5.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 11.9579 was down 8.70% compared to the 2010 peak of 13.0967, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 59,790 MKD
2010 Average 59,261 MKD
Yearly Trough Low 50,539 MKD
Transaction Impact: A difference of 9,250.54 MKD purely based on transaction execution date.

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11.6670
10.1591
JanuMarcMayJulySeptNove

ARS 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 10.8226, compared to 10.5737 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2489 points.

H1 Avg (Jan–Jun) 10.8226
H2 Avg (Jul–Dec) 10.5737

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.8484 MKD (High: 11.0761 / Low: 10.2277). On the other end, February was the most stable month, with a tight range of 0.3428 MKD (High: 11.3536 / Low: 11.0108).

October Spread (Volatile) Âą0.8484
February Spread (Stable) Âą0.3428

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 0.4212 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.4212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 11.5413) against the same month in 2010 (average: 11.3111), the exchange rate shifted by +0.2302 (+2.04%).

2011 Avg (January) 11.5413
2010 Avg (January) 11.3111

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Month High Low Average
January 11.9579 11.2012 11.5413
February 11.3536 11.0108 11.1864
March 11.0690 10.6631 10.8698
April 10.7056 10.1181 10.4486
May 10.7180 10.1078 10.4672
June 10.6589 10.2414 10.4223
July 10.7079 10.2592 10.4374
August 10.4787 10.1171 10.2847
September 10.8829 10.2345 10.6000
October 11.0761 10.2277 10.6097
November 10.8715 10.4833 10.6424
December 11.0747 10.6186 10.8682