YEARLY HIGH
1.0865 MKD
YEARLY LOW
0.9605 MKD
YEARLY AVERAGE
1.0192 MKD

2011 PHP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the PHP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 1.0865. Conversely, the yearly low was recorded on May 4, dropping to 0.9605.

This high-to-low spread represents a total annual volatility of 0.1261 MKD. From a start-to-finish perspective, comparing the January average rate of 1.0390 to the December average rate of 1.0678, the exchange rate registered a net change of 2.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.0865 was down 1.37% compared to the 2010 peak of 1.1016, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 271,636 MKD
2010 Average 257,097 MKD
Yearly Trough Low 240,123 MKD
Transaction Impact: A difference of 31,512.94 MKD purely based on transaction execution date.

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1.0763
0.9747
JanuMarcMayJulySeptNove

PHP 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 1.0059, compared to 1.0325 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0266 points.

H1 Avg (Jan–Jun) 1.0059
H2 Avg (Jul–Dec) 1.0325

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0652 MKD (High: 1.0765 / Low: 1.0113). On the other end, November was the most stable month, with a tight range of 0.0229 MKD (High: 1.0556 / Low: 1.0327).

January Spread (Volatile) Âą0.0652
November Spread (Stable) Âą0.0229

Growth Streaks & Declines

Trends

Between June and September, 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 0.0249 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0249

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.0678) against the same month in 2010 (average: 1.0569), the exchange rate shifted by +0.0109 (+1.04%).

2011 Avg (December) 1.0678
2010 Avg (December) 1.0569

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Month High Low Average
January 1.0765 1.0113 1.0390
February 1.0459 1.0113 1.0307
March 1.0226 0.9949 1.0086
April 1.0008 0.9641 0.9837
May 1.0058 0.9605 0.9901
June 0.9963 0.9693 0.9831
July 1.0204 0.9819 1.0062
August 1.0263 0.9988 1.0089
September 1.0487 1.0150 1.0347
October 1.0574 1.0157 1.0323
November 1.0556 1.0327 1.0453
December 1.0865 1.0507 1.0678