2011 BWP to MKD Historical Review

YEARLY HIGH

7.1870 MKD

YEARLY LOW

5.9602 MKD

YEARLY AVERAGE

6.4460 MKD

2011 BWP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BWP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 7.1870. Conversely, the yearly low was recorded on November 23, dropping to 5.9602.

This high-to-low spread represents a total annual volatility of 1.2269 MKD. From a start-to-finish perspective, comparing the January average rate of 6.9164 to the December average rate of 6.1996, the exchange rate registered a net change of -10.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 7.1870 was up 0.29% compared to the 2010 peak of 7.1664, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 35,935 MKD

2010 Average 33,979 MKD

Yearly Trough Low 29,801 MKD

Transaction Impact: A difference of 6,134.29 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

7.0007

5.9882

JanuMarcMayJulySeptNove

BWP 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 6.6230, compared to 6.2689 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3541 points.

H1 Avg (Jan–Jun) 6.6230

H2 Avg (Jul–Dec) 6.2689

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.5708 MKD (High: 7.1870 / Low: 6.6163). On the other end, June was the most stable month, with a tight range of 0.1253 MKD (High: 6.5713 / Low: 6.4460).

January Spread (Volatile) ±0.5708

June Spread (Stable) ±0.1253

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, when the average rate fell by 0.2876 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2876

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 6.9164) against the same month in 2010 (average: 6.3923), the exchange rate shifted by +0.5240 (+8.20%).

2011 Avg (January) 6.9164

2010 Avg (January) 6.3923

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	7.1870	6.6163	6.9164
February	6.6938	6.5670	6.6287
March	6.7195	6.5232	6.6182
April	6.6829	6.4663	6.5559
May	6.5841	6.4136	6.5082
June	6.5713	6.4460	6.5106
July	6.6350	6.4703	6.5469
August	6.6137	6.2411	6.3593
September	6.4797	6.0571	6.3155
October	6.2599	6.0025	6.1197
November	6.1533	5.9602	6.0726
December	6.3443	6.1089	6.1996

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