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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.
Comparing the value generated converting 5,000 ARS based on timing:
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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)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 10.8226, compared to 10.5737 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.2489 points.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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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 |