2011 GHS to MKD Historical Review

YEARLY HIGH

32.7706 MKD

YEARLY LOW

27.0794 MKD

YEARLY AVERAGE

28.5885 MKD

2011 GHS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GHS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 32.7706. Conversely, the yearly low was recorded on October 30, dropping to 27.0794.

This high-to-low spread represents a total annual volatility of 5.6913 MKD. From a start-to-finish perspective, comparing the January average rate of 30.5635 to the December average rate of 28.4058, the exchange rate registered a net change of -7.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 32.7706 was down 9.08% compared to the 2010 peak of 36.0435, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 163,853 MKD

2010 Average 161,714 MKD

Yearly Trough Low 135,397 MKD

Transaction Impact: A difference of 28,456.36 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

30.8439

27.4796

JanuMarcMayJulySeptNove

GHS 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 28.9755, compared to 28.2015 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7740 points.

H1 Avg (Jan–Jun) 28.9755

H2 Avg (Jul–Dec) 28.2015

Volatility Range Comparison

Volatility

The most volatile month in 2011 was February, with a trading range of 4.4539 MKD (High: 32.7706 / Low: 28.3167). On the other end, November was the most stable month, with a tight range of 0.7036 MKD (High: 28.2787 / Low: 27.5752).

February Spread (Volatile) ±4.4539

November Spread (Stable) ±0.7036

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.1189 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1189

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2011: 29.8877) against the same month in 2010 (average: 31.3915), the exchange rate shifted by -1.5038 (-4.79%).

2011 Avg (February) 29.8877

2010 Avg (February) 31.3915

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.1883	28.6046	30.5635
February	32.7706	28.3167	29.8877
March	29.4028	28.2182	28.7689
April	28.8816	27.5117	28.1590
May	28.9766	27.2928	28.3242
June	28.7562	27.4952	28.1497
July	28.9274	27.8148	28.3884
August	28.6059	27.7920	28.0789
September	29.2216	28.0521	28.6041
October	28.9586	27.0794	27.7599
November	28.2787	27.5752	27.9719
December	29.0535	27.6355	28.4058