2010 HNL to MKD Historical Review

YEARLY HIGH

2.7159 MKD

YEARLY LOW

2.2268 MKD

YEARLY AVERAGE

2.4497 MKD

2010 HNL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the HNL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 8, valuing the pair at 2.7159. Conversely, the yearly low was recorded on January 13, dropping to 2.2268.

This high-to-low spread represents a total annual volatility of 0.4891 MKD. From a start-to-finish perspective, comparing the January average rate of 2.2740 to the December average rate of 2.4538, the exchange rate registered a net change of 7.91% (reflecting a strengthening trend).

Transfer Payout Power Comparison

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

Yearly Peak High 13,580 MKD

Yearly Average 12,249 MKD

Yearly Trough Low 11,134 MKD

Transaction Impact: A difference of 2,445.49 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

2.6949

2.2357

JanuMarcMayJulySeptNove

HNL 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 2.4482, compared to 2.4512 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 2.4482

H2 Avg (Jul–Dec) 2.4512

Volatility Range Comparison

Volatility

The most volatile month in 2010 was November, with a trading range of 0.2183 MKD (High: 2.4953 / Low: 2.2770). On the other end, October was the most stable month, with a tight range of 0.0665 MKD (High: 2.3666 / Low: 2.3001).

November Spread (Volatile) ±0.2183

October Spread (Stable) ±0.0665

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1524 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1524

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for June 2010 is 2.6567.

2010 Avg (June) 2.6567

Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3220	2.2268	2.2740
February	2.4044	2.3190	2.3749
March	2.4317	2.3562	2.3909
April	2.4487	2.3822	2.4179
May	2.6535	2.4359	2.5747
June	2.7159	2.6175	2.6567
July	2.6431	2.4817	2.5411
August	2.5719	2.4473	2.5174
September	2.5544	2.3764	2.4864
October	2.3666	2.3001	2.3340
November	2.4953	2.2770	2.3748
December	2.4827	2.4141	2.4538