2011 MKD to AZN Historical Review

YEARLY HIGH

0.0192 AZN

YEARLY LOW

0.0165 AZN

YEARLY AVERAGE

0.0179 AZN

2011 MKD to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 0.0192. Conversely, the yearly low was recorded on December 29, dropping to 0.0165.

This high-to-low spread represents a total annual volatility of 0.0027 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0174 to the December average rate of 0.0169, the exchange rate registered a net change of -2.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0192 was up 0.71% compared to the 2010 peak of 0.0190, 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 96 AZN

2010 Average 87 AZN

Yearly Trough Low 83 AZN

Transaction Impact: A difference of 13.37 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0188

0.0167

JanuMarcMayJulySeptNove

MKD to AZN 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 0.0181, compared to 0.0177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0181

H2 Avg (Jul–Dec) 0.0177

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0012 AZN (High: 0.0181 / Low: 0.0169). On the other end, August was the most stable month, with a tight range of 0.0004 AZN (High: 0.0186 / Low: 0.0181).

October Spread (Volatile) ±0.0012

August Spread (Stable) ±0.0004

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 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.0185) against the same month in 2010 (average: 0.0172), the exchange rate shifted by +0.0013 (+7.54%).

2011 Avg (May) 0.0185

2010 Avg (May) 0.0172

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0178	0.0168	0.0174
February	0.0179	0.0174	0.0177
March	0.0184	0.0178	0.0181
April	0.0192	0.0183	0.0186
May	0.0192	0.0180	0.0185
June	0.0188	0.0181	0.0185
July	0.0186	0.0179	0.0183
August	0.0186	0.0181	0.0184
September	0.0183	0.0172	0.0177
October	0.0181	0.0169	0.0176
November	0.0177	0.0169	0.0174
December	0.0173	0.0165	0.0169