2011 ILS to MKD Historical Review

YEARLY HIGH

13.3705 MKD

YEARLY LOW

11.7841 MKD

YEARLY AVERAGE

12.3358 MKD

2011 ILS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ILS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 13.3705. Conversely, the yearly low was recorded on August 25, dropping to 11.7841.

This high-to-low spread represents a total annual volatility of 1.5864 MKD. From a start-to-finish perspective, comparing the January average rate of 12.8014 to the December average rate of 12.3366, the exchange rate registered a net change of -3.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 13.3705 was up 0.91% compared to the 2010 peak of 13.2501, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 66,853 MKD

2010 Average 62,052 MKD

Yearly Trough Low 58,920 MKD

Transaction Impact: A difference of 7,932.01 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

12.8749

11.9923

JanuMarcMayJulySeptNove

ILS 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 12.4341, compared to 12.2376 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1964 points.

H1 Avg (Jan–Jun) 12.4341

H2 Avg (Jul–Dec) 12.2376

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 1.3021 MKD (High: 13.3705 / Low: 12.0684). On the other end, June was the most stable month, with a tight range of 0.1638 MKD (High: 12.5649 / Low: 12.4011).

January Spread (Volatile) ±1.3021

June Spread (Stable) ±0.1638

Growth Streaks & Declines

Trends

Between 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 January and February, when the average rate fell by 0.5153 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5153

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 12.8014) against the same month in 2010 (average: 11.5729), the exchange rate shifted by +1.2284 (+10.61%).

2011 Avg (January) 12.8014

2010 Avg (January) 11.5729

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.3705	12.0684	12.8014
February	12.5883	12.0679	12.2861
March	12.4532	12.1640	12.3021
April	12.5118	12.1753	12.3797
May	12.5101	12.1214	12.3381
June	12.5649	12.4011	12.4970
July	12.6922	12.4414	12.5808
August	12.5335	11.7841	12.0659
September	12.3139	11.8353	12.0805
October	12.4220	12.0546	12.2055
November	12.2522	12.0764	12.1564
December	12.5038	12.1142	12.3366