YEARLY HIGH
22.1913 CDF
YEARLY LOW
18.9963 CDF
YEARLY AVERAGE
20.6758 CDF

2011 MKD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 22.1913. Conversely, the yearly low was recorded on December 29, dropping to 18.9963.

This high-to-low spread represents a total annual volatility of 3.1950 CDF. From a start-to-finish perspective, comparing the January average rate of 19.7484 to the December average rate of 19.4210, the exchange rate registered a net change of -1.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 22.1913 was up 5.03% compared to the 2010 peak of 21.1293, 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 110,956 CDF
2010 Average 96,799 CDF
Yearly Trough Low 94,981 CDF
Transaction Impact: A difference of 15,974.91 CDF purely based on transaction execution date.

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21.6677
19.2167
JanuMarcMayJulySeptNove

MKD to CDF 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 20.8394, compared to 20.5122 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3272 points.

H1 Avg (Jan–Jun) 20.8394
H2 Avg (Jul–Dec) 20.5122

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 1.3911 CDF (High: 21.1410 / Low: 19.7499). On the other end, February was the most stable month, with a tight range of 0.5336 CDF (High: 20.6309 / Low: 20.0973).

October Spread (Volatile) Âą1.3911
February Spread (Stable) Âą0.5336

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.7142 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.7142

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 21.3673) against the same month in 2010 (average: 18.4879), the exchange rate shifted by +2.8794 (+15.57%).

2011 Avg (May) 21.3673
2010 Avg (May) 18.4879

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Month High Low Average
January 20.3884 19.0985 19.7484
February 20.6309 20.0973 20.3533
March 21.1360 20.5365 20.8252
April 22.0341 20.9195 21.4635
May 22.1913 20.8273 21.3673
June 21.7154 20.8413 21.2789
July 21.6591 20.6693 21.2220
August 21.6245 20.8787 21.2853
September 21.3566 19.9926 20.5711
October 21.1410 19.7499 20.4794
November 20.5352 19.5216 20.0945
December 19.9090 18.9963 19.4210