2011 MKD to BAM Historical Review

YEARLY HIGH

0.0321 BAM

YEARLY LOW

0.0316 BAM

YEARLY AVERAGE

0.0319 BAM

2011 MKD to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on October 27, valuing the pair at 0.0321. Conversely, the yearly low was recorded on September 22, dropping to 0.0316.

This high-to-low spread represents a total annual volatility of 0.0006 BAM. From a start-to-finish perspective, comparing the January average rate of 0.0319 to the December average rate of 0.0319, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0321 was up 0.22% compared to the 2010 peak of 0.0321, 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 161 BAM

2010 Average 159 BAM

Yearly Trough Low 158 BAM

Transaction Impact: A difference of 2.84 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0319

0.0318

JanuMarcMayJulySeptNove

MKD to BAM 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 0.0319, compared to 0.0319 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0319

H2 Avg (Jul–Dec) 0.0319

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0005 BAM (High: 0.0321 / Low: 0.0316). On the other end, March was the most stable month, with a tight range of 0.0002 BAM (High: 0.0320 / Low: 0.0318).

September Spread (Volatile) ±0.0005

March Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 0.0319) against the same month in 2010 (average: 0.0319), the exchange rate shifted by -0.0000 (-0.04%).

2011 Avg (October) 0.0319

2010 Avg (October) 0.0319

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0321	0.0318	0.0319
February	0.0320	0.0318	0.0319
March	0.0320	0.0318	0.0319
April	0.0320	0.0318	0.0319
May	0.0321	0.0318	0.0319
June	0.0320	0.0317	0.0319
July	0.0320	0.0318	0.0319
August	0.0321	0.0317	0.0319
September	0.0321	0.0316	0.0319
October	0.0321	0.0318	0.0319
November	0.0320	0.0317	0.0319
December	0.0321	0.0318	0.0319