2011 HRK to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 HRK to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the HRK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 21, valuing the pair at 8.3484. Conversely, the yearly low was recorded on December 18, dropping to 8.1325.
This high-to-low spread represents a total annual volatility of 0.2160 MKD. From a start-to-finish perspective, comparing the January average rate of 8.2927 to the December average rate of 8.1694, the exchange rate registered a net change of -1.49% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 8.3484 was down 3.28% compared to the 2010 peak of 8.6315, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HRK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
HRK to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.2962, compared to 8.2083 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0879 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was November, with a trading range of 0.1283 MKD (High: 8.2786 / Low: 8.1503). On the other end, April was the most stable month, with a tight range of 0.0264 MKD (High: 8.3466 / Low: 8.3202).
Growth Streaks & Declines
TrendsBetween February and April, 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 April and May, when the average rate fell by 0.0550 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2011: 8.3068) against the same month in 2010 (average: 8.4522), the exchange rate shifted by -0.1454 (-1.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.3292 | 8.2471 | 8.2927 |
| February | 8.2985 | 8.2564 | 8.2763 |
| March | 8.3484 | 8.2647 | 8.3068 |
| April | 8.3466 | 8.3202 | 8.3348 |
| May | 8.3343 | 8.2400 | 8.2798 |
| June | 8.3348 | 8.2223 | 8.2869 |
| July | 8.3097 | 8.2105 | 8.2655 |
| August | 8.2584 | 8.1932 | 8.2245 |
| September | 8.2211 | 8.1423 | 8.1880 |
| October | 8.2281 | 8.1726 | 8.2042 |
| November | 8.2786 | 8.1503 | 8.1984 |
| December | 8.2073 | 8.1325 | 8.1694 |