2011 MKD to ALL Historical Review

YEARLY HIGH

2.3381 ALL

YEARLY LOW

2.2247 ALL

YEARLY AVERAGE

2.2866 ALL

2011 MKD to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 9, valuing the pair at 2.3381. Conversely, the yearly low was recorded on December 5, dropping to 2.2247.

This high-to-low spread represents a total annual volatility of 0.1134 ALL. From a start-to-finish perspective, comparing the January average rate of 2.2618 to the December average rate of 2.2544, the exchange rate registered a net change of -0.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.3381 was up 2.13% compared to the 2010 peak of 2.2893, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,691 ALL

2010 Average 11,226 ALL

Yearly Trough Low 11,124 ALL

Transaction Impact: A difference of 566.97 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.3187

2.2485

JanuMarcMayJulySeptNove

MKD to ALL 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 2.2919, compared to 2.2814 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0105 points.

H1 Avg (Jan–Jun) 2.2919

H2 Avg (Jul–Dec) 2.2814

Volatility Range Comparison

Volatility

The most volatile month in 2011 was June, with a trading range of 0.0482 ALL (High: 2.3381 / Low: 2.2899). On the other end, March was the most stable month, with a tight range of 0.0281 ALL (High: 2.2983 / Low: 2.2702).

June Spread (Volatile) ±0.0482

March Spread (Stable) ±0.0281

Growth Streaks & Declines

Trends

Between January and June, 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 November and December, when the average rate fell by 0.0396 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0396

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2011: 2.3129) against the same month in 2010 (average: 2.2291), the exchange rate shifted by +0.0838 (+3.76%).

2011 Avg (June) 2.3129

2010 Avg (June) 2.2291

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2773	2.2431	2.2618
February	2.2892	2.2582	2.2742
March	2.2983	2.2702	2.2834
April	2.3261	2.2826	2.3068
May	2.3338	2.2885	2.3122
June	2.3381	2.2899	2.3129
July	2.3009	2.2554	2.2786
August	2.2967	2.2537	2.2797
September	2.3063	2.2753	2.2887
October	2.3152	2.2700	2.2931
November	2.3141	2.2754	2.2940
December	2.2711	2.2247	2.2544