2011 HUF to MKD Historical Review

YEARLY HIGH

0.2332 MKD

YEARLY LOW

0.1942 MKD

YEARLY AVERAGE

0.2204 MKD

2011 HUF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HUF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 7, valuing the pair at 0.2332. Conversely, the yearly low was recorded on November 14, dropping to 0.1942.

This high-to-low spread represents a total annual volatility of 0.0390 MKD. From a start-to-finish perspective, comparing the January average rate of 0.2231 to the December average rate of 0.2014, the exchange rate registered a net change of -9.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.2332 was down 0.49% compared to the 2010 peak of 0.2344, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 233,223 MKD

2010 Average 223,034 MKD

Yearly Trough Low 194,224 MKD

Transaction Impact: A difference of 38,999.63 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.2348

0.1955

JanuMarcMayJulySeptNove

HUF 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 0.2279, compared to 0.2130 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0149 points.

H1 Avg (Jan–Jun) 0.2279

H2 Avg (Jul–Dec) 0.2130

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0151 MKD (High: 0.2245 / Low: 0.2094). On the other end, February was the most stable month, with a tight range of 0.0037 MKD (High: 0.2282 / Low: 0.2245).

September Spread (Volatile) ±0.0151

February Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0096 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0096

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 0.2296) against the same month in 2010 (average: 0.2163), the exchange rate shifted by +0.0133 (+6.15%).

2011 Avg (July) 0.2296

2010 Avg (July) 0.2163

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2258	0.2192	0.2231
February	0.2282	0.2245	0.2264
March	0.2308	0.2241	0.2267
April	0.2331	0.2291	0.2315
May	0.2328	0.2271	0.2295
June	0.2329	0.2276	0.2300
July	0.2332	0.2251	0.2296
August	0.2282	0.2227	0.2253
September	0.2245	0.2094	0.2157
October	0.2108	0.2014	0.2069
November	0.2028	0.1942	0.1988
December	0.2047	0.1954	0.2014