2011 GIP to MKD Historical Review

YEARLY HIGH

73.9190 MKD

YEARLY LOW

67.8060 MKD

YEARLY AVERAGE

70.7330 MKD

2011 GIP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GIP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 73.9190. Conversely, the yearly low was recorded on July 3, dropping to 67.8060.

This high-to-low spread represents a total annual volatility of 6.1131 MKD. From a start-to-finish perspective, comparing the January average rate of 72.3689 to the December average rate of 72.7356, the exchange rate registered a net change of 0.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 73.9190 was down 2.38% compared to the 2010 peak of 75.7211, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 369,595 MKD

2010 Average 357,787 MKD

Yearly Trough Low 339,030 MKD

Transaction Impact: A difference of 30,565.40 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

73.0927

68.8074

JanuMarcMayJulySeptNove

GIP 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 70.7058, compared to 70.7602 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0544 points.

H1 Avg (Jan–Jun) 70.7058

H2 Avg (Jul–Dec) 70.7602

Volatility Range Comparison

Volatility

The most volatile month in 2011 was March, with a trading range of 2.9405 MKD (High: 72.3808 / Low: 69.4403). On the other end, November was the most stable month, with a tight range of 1.1439 MKD (High: 72.0781 / Low: 70.9342).

March Spread (Volatile) ±2.9405

November Spread (Stable) ±1.1439

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.6989 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -1.6989

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 72.7356) against the same month in 2010 (average: 72.3891), the exchange rate shifted by +0.3465 (+0.48%).

2011 Avg (December) 72.7356

2010 Avg (December) 72.3891

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	73.7952	71.0853	72.3689
February	73.2709	71.7461	72.4932
March	72.3808	69.4403	70.7944
April	70.3035	68.8173	69.5109
May	70.7901	68.1903	69.9028
June	70.1067	67.9901	69.1645
July	70.2794	67.8060	69.3176
August	70.6109	69.2875	70.0301
September	71.3415	69.6373	70.3861
October	71.6455	69.7838	70.4995
November	72.0781	70.9342	71.5922
December	73.9190	71.4340	72.7356