2011 MKD to AOA Historical Review

YEARLY HIGH

2.2566 AOA

YEARLY LOW

1.9473 AOA

YEARLY AVERAGE

2.1216 AOA

2011 MKD to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 2.2566. Conversely, the yearly low was recorded on January 10, dropping to 1.9473.

This high-to-low spread represents a total annual volatility of 0.3094 AOA. From a start-to-finish perspective, comparing the January average rate of 2.0195 to the December average rate of 2.0360, the exchange rate registered a net change of 0.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.2566 was up 5.57% compared to the 2010 peak of 2.1375, 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 11,283 AOA

2010 Average 9,916 AOA

Yearly Trough Low 9,736 AOA

Transaction Impact: A difference of 1,546.93 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.2087

2.0022

JanuMarcMayJulySeptNove

MKD to AOA 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 2.1266, compared to 2.1165 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0102 points.

H1 Avg (Jan–Jun) 2.1266

H2 Avg (Jul–Dec) 2.1165

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.1595 AOA (High: 2.1887 / Low: 2.0291). On the other end, August was the most stable month, with a tight range of 0.0527 AOA (High: 2.1994 / Low: 2.1467).

October Spread (Volatile) ±0.1595

August Spread (Stable) ±0.0527

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0656 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0656

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 2.1781) against the same month in 2010 (average: 1.9163), the exchange rate shifted by +0.2618 (+13.66%).

2011 Avg (May) 2.1781

2010 Avg (May) 1.9163

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0778	1.9473	2.0195
February	2.0957	2.0360	2.0680
March	2.1592	2.0864	2.1215
April	2.2533	2.1440	2.1915
May	2.2566	2.1259	2.1781
June	2.2218	2.1356	2.1813
July	2.1993	2.1196	2.1660
August	2.1994	2.1467	2.1746
September	2.1699	2.0641	2.1090
October	2.1887	2.0291	2.1177
November	2.1357	2.0470	2.0955
December	2.0863	1.9898	2.0360