2011 BZD to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 BZD to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the BZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 23.9287. Conversely, the yearly low was recorded on May 4, dropping to 20.6910.
This high-to-low spread represents a total annual volatility of 3.2377 MKD. From a start-to-finish perspective, comparing the January average rate of 23.1077 to the December average rate of 23.3785, the exchange rate registered a net change of 1.17% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 23.9287 was down 7.45% compared to the 2010 peak of 25.8543, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
BZD 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 22.0174, compared to 22.3495 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3321 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was October, with a trading range of 1.6149 MKD (High: 23.3576 / Low: 21.7427). On the other end, August was the most stable month, with a tight range of 0.6371 MKD (High: 21.9023 / Low: 21.2653).
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 0.7194 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2011: 23.1077) against the same month in 2010 (average: 21.6501), the exchange rate shifted by +1.4575 (+6.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.9287 | 22.5103 | 23.1077 |
| February | 22.9726 | 22.3183 | 22.6283 |
| March | 22.4172 | 21.7262 | 22.0625 |
| April | 21.8338 | 20.7205 | 21.3430 |
| May | 22.1054 | 20.6910 | 21.5007 |
| June | 22.0037 | 21.0715 | 21.4620 |
| July | 22.1743 | 21.2374 | 21.6026 |
| August | 21.9023 | 21.2653 | 21.5440 |
| September | 22.9245 | 21.5535 | 22.3771 |
| October | 23.3576 | 21.7427 | 22.4524 |
| November | 23.2742 | 22.2953 | 22.7424 |
| December | 23.9041 | 22.8236 | 23.3785 |