YEARLY HIGH
0.1678 BWP
YEARLY LOW
0.1391 BWP
YEARLY AVERAGE
0.1554 BWP

2011 MKD to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.1678. Conversely, the yearly low was recorded on January 9, dropping to 0.1391.

This high-to-low spread represents a total annual volatility of 0.0286 BWP. From a start-to-finish perspective, comparing the January average rate of 0.1447 to the December average rate of 0.1613, the exchange rate registered a net change of 11.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1678 was up 5.28% compared to the 2010 peak of 0.1594, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 839 BWP
2010 Average 737 BWP
Yearly Trough Low 696 BWP
Transaction Impact: A difference of 143.20 BWP purely based on transaction execution date.

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0.1667
0.1427
JanuMarcMayJulySeptNove

MKD to BWP 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 0.1511, compared to 0.1596 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0086 points.

H1 Avg (Jan–Jun) 0.1511
H2 Avg (Jul–Dec) 0.1596

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0120 BWP (High: 0.1511 / Low: 0.1391). On the other end, February was the most stable month, with a tight range of 0.0029 BWP (High: 0.1523 / Low: 0.1494).

January Spread (Volatile) Âą0.0120
February Spread (Stable) Âą0.0029

Growth Streaks & Declines

Trends

Between January and May, 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 November and December, when the average rate fell by 0.0034 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.1647) against the same month in 2010 (average: 0.1474), the exchange rate shifted by +0.0173 (+11.75%).

2011 Avg (November) 0.1647
2010 Avg (November) 0.1474

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Month High Low Average
January 0.1511 0.1391 0.1447
February 0.1523 0.1494 0.1509
March 0.1533 0.1488 0.1511
April 0.1546 0.1496 0.1526
May 0.1559 0.1519 0.1537
June 0.1551 0.1522 0.1536
July 0.1546 0.1507 0.1528
August 0.1602 0.1512 0.1573
September 0.1651 0.1543 0.1584
October 0.1666 0.1597 0.1634
November 0.1678 0.1625 0.1647
December 0.1637 0.1576 0.1613