2011 JOD to MKD Historical Review

YEARLY HIGH

67.1151 MKD

YEARLY LOW

58.1764 MKD

YEARLY AVERAGE

62.2609 MKD

2011 JOD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the JOD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 67.1151. Conversely, the yearly low was recorded on May 4, dropping to 58.1764.

This high-to-low spread represents a total annual volatility of 8.9387 MKD. From a start-to-finish perspective, comparing the January average rate of 64.8138 to the December average rate of 65.6657, the exchange rate registered a net change of 1.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 67.1151 was down 7.41% compared to the 2010 peak of 72.4886, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 335,576 MKD

2010 Average 327,111 MKD

Yearly Trough Low 290,882 MKD

Transaction Impact: A difference of 44,693.58 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

66.2411

59.3352

JanuMarcMayJulySeptNove

JOD 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 61.7621, compared to 62.7597 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9975 points.

H1 Avg (Jan–Jun) 61.7621

H2 Avg (Jul–Dec) 62.7597

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 4.6183 MKD (High: 65.6771 / Low: 61.0587). On the other end, August was the most stable month, with a tight range of 1.5008 MKD (High: 61.2508 / Low: 59.7500).

October Spread (Volatile) ±4.6183

August Spread (Stable) ±1.5008

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.9657 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.9657

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 65.6657) against the same month in 2010 (average: 65.5202), the exchange rate shifted by +0.1454 (+0.22%).

2011 Avg (December) 65.6657

2010 Avg (December) 65.5202

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	67.0897	63.1398	64.8138
February	64.4319	62.5747	63.4636
March	62.8962	60.9362	61.8764
April	61.1860	58.2420	59.9107
May	61.7228	58.1764	60.3161
June	61.4465	59.0896	60.1922
July	61.9434	59.7006	60.6435
August	61.2508	59.7500	60.4216
September	64.5140	60.5949	62.8457
October	65.6771	61.0587	63.1030
November	65.3445	62.6107	63.8786
December	67.1151	64.1119	65.6657