2011 ISK to MKD Historical Review

YEARLY HIGH

0.4025 MKD

YEARLY LOW

0.3679 MKD

YEARLY AVERAGE

0.3804 MKD

2011 ISK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ISK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.4025. Conversely, the yearly low was recorded on June 19, dropping to 0.3679.

This high-to-low spread represents a total annual volatility of 0.0346 MKD. From a start-to-finish perspective, comparing the January average rate of 0.3938 to the December average rate of 0.3853, the exchange rate registered a net change of -2.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4025 was down 1.74% compared to the 2010 peak of 0.4096, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,012 MKD

2010 Average 1,902 MKD

Yearly Trough Low 1,839 MKD

Transaction Impact: A difference of 173.06 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3961

0.3680

JanuMarcMayJulySeptNove

ISK 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 0.3800, compared to 0.3808 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.3800

H2 Avg (Jul–Dec) 0.3808

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0172 MKD (High: 0.4025 / Low: 0.3853). On the other end, July was the most stable month, with a tight range of 0.0041 MKD (High: 0.3734 / Low: 0.3693).

January Spread (Volatile) ±0.0172

July Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

Between June and November, 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 January and February, when the average rate fell by 0.0081 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0081

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.3938) against the same month in 2010 (average: 0.3418), the exchange rate shifted by +0.0520 (+15.20%).

2011 Avg (January) 0.3938

2010 Avg (January) 0.3418

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4025	0.3853	0.3938
February	0.3899	0.3819	0.3857
March	0.3839	0.3786	0.3805
April	0.3789	0.3726	0.3760
May	0.3760	0.3703	0.3734
June	0.3729	0.3679	0.3703
July	0.3734	0.3693	0.3710
August	0.3764	0.3679	0.3739
September	0.3864	0.3762	0.3820
October	0.3897	0.3822	0.3858
November	0.3905	0.3826	0.3866
December	0.3879	0.3829	0.3853