2011 DJF to MKD Historical Review

YEARLY HIGH

0.2676 MKD

YEARLY LOW

0.2320 MKD

YEARLY AVERAGE

0.2483 MKD

2011 DJF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the DJF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.2676. Conversely, the yearly low was recorded on May 4, dropping to 0.2320.

This high-to-low spread represents a total annual volatility of 0.0356 MKD. From a start-to-finish perspective, comparing the January average rate of 0.2584 to the December average rate of 0.2615, the exchange rate registered a net change of 1.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.2676 was down 7.45% compared to the 2010 peak of 0.2891, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,338 MKD

2010 Average 1,304 MKD

Yearly Trough Low 1,160 MKD

Transaction Impact: A difference of 177.93 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.2637

0.2367

JanuMarcMayJulySeptNove

DJF 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 0.2463, compared to 0.2503 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0040 points.

H1 Avg (Jan–Jun) 0.2463

H2 Avg (Jul–Dec) 0.2503

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0181 MKD (High: 0.2620 / Low: 0.2438). On the other end, August was the most stable month, with a tight range of 0.0058 MKD (High: 0.2441 / Low: 0.2383).

October Spread (Volatile) ±0.0181

August Spread (Stable) ±0.0058

Growth Streaks & Declines

Trends

Between 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 0.0078 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0078

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.2584) against the same month in 2010 (average: 0.2421), the exchange rate shifted by +0.0163 (+6.73%).

2011 Avg (January) 0.2584

2010 Avg (January) 0.2421

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2676	0.2517	0.2584
February	0.2569	0.2496	0.2531
March	0.2507	0.2430	0.2467
April	0.2442	0.2324	0.2390
May	0.2463	0.2320	0.2405
June	0.2451	0.2357	0.2401
July	0.2471	0.2381	0.2419
August	0.2441	0.2383	0.2409
September	0.2571	0.2417	0.2506
October	0.2620	0.2438	0.2518
November	0.2610	0.2500	0.2549
December	0.2667	0.2559	0.2615