2011 KGS to MKD Historical Review

YEARLY HIGH

1.0322 MKD

YEARLY LOW

0.8835 MKD

YEARLY AVERAGE

0.9572 MKD

2011 KGS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the KGS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 1.0322. Conversely, the yearly low was recorded on May 1, dropping to 0.8835.

This high-to-low spread represents a total annual volatility of 0.1487 MKD. From a start-to-finish perspective, comparing the January average rate of 0.9713 to the December average rate of 0.9997, the exchange rate registered a net change of 2.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.0322 was down 7.32% compared to the 2010 peak of 1.1137, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,161 MKD

2010 Average 5,040 MKD

Yearly Trough Low 4,418 MKD

Transaction Impact: A difference of 743.30 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.0094

0.8933

JanuMarcMayJulySeptNove

KGS 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 0.9360, compared to 0.9784 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0424 points.

H1 Avg (Jan–Jun) 0.9360

H2 Avg (Jul–Dec) 0.9784

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0816 MKD (High: 1.0322 / Low: 0.9506). On the other end, November was the most stable month, with a tight range of 0.0225 MKD (High: 0.9934 / Low: 0.9709).

October Spread (Volatile) ±0.0816

November Spread (Stable) ±0.0225

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0235 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0235

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 0.9888) against the same month in 2010 (average: 0.9479), the exchange rate shifted by +0.0409 (+4.32%).

2011 Avg (October) 0.9888

2010 Avg (October) 0.9479

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0088	0.9464	0.9713
February	0.9635	0.9358	0.9486
March	0.9388	0.9100	0.9251
April	0.9175	0.8835	0.9030
May	0.9509	0.8835	0.9246
June	0.9619	0.9284	0.9435
July	0.9705	0.9348	0.9546
August	0.9779	0.9427	0.9593
September	1.0133	0.9572	0.9881
October	1.0322	0.9506	0.9888
November	0.9934	0.9709	0.9799
December	1.0303	0.9733	0.9997