2011 BOB to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 BOB to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the BOB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 6.9229. Conversely, the yearly low was recorded on May 4, dropping to 5.8817.
This high-to-low spread represents a total annual volatility of 1.0412 MKD. From a start-to-finish perspective, comparing the January average rate of 6.5717 to the December average rate of 6.7571, the exchange rate registered a net change of 2.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 6.9229 was down 5.43% compared to the 2010 peak of 7.3204, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
BOB 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: Jan–Jun) was 6.2624, compared to 6.4075 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1451 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was October, with a trading range of 0.5136 MKD (High: 6.6933 / Low: 6.1797). On the other end, February was the most stable month, with a tight range of 0.1876 MKD (High: 6.5136 / Low: 6.3259).
Growth Streaks & Declines
TrendsBetween April and July, 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 0.1988 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 6.7571) against the same month in 2010 (average: 6.6506), the exchange rate shifted by +0.1065 (+1.60%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.7809 | 6.4230 | 6.5717 |
| February | 6.5136 | 6.3259 | 6.4204 |
| March | 6.3561 | 6.1625 | 6.2680 |
| April | 6.2311 | 5.8930 | 6.0691 |
| May | 6.2896 | 5.8817 | 6.1178 |
| June | 6.3313 | 5.9978 | 6.1275 |
| July | 6.3827 | 6.0539 | 6.1724 |
| August | 6.2703 | 6.0444 | 6.1591 |
| September | 6.6153 | 6.1279 | 6.4114 |
| October | 6.6933 | 6.1797 | 6.4108 |
| November | 6.7343 | 6.3595 | 6.5341 |
| December | 6.9229 | 6.5805 | 6.7571 |