2011 MKD to BGN Historical Review

YEARLY HIGH

0.0321 BGN

YEARLY LOW

0.0315 BGN

YEARLY AVERAGE

0.0319 BGN

2011 MKD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.0321. Conversely, the yearly low was recorded on November 8, dropping to 0.0315.

This high-to-low spread represents a total annual volatility of 0.0005 BGN. 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 0.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0321 was up 0.67% compared to the 2010 peak of 0.0319, 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 160 BGN

2010 Average 159 BGN

Yearly Trough Low 158 BGN

Transaction Impact: A difference of 2.70 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0319

JanuMarcMayJulySeptNove

MKD to BGN 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 second half (Jul–Dec) 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 November, with a trading range of 0.0005 BGN (High: 0.0321 / Low: 0.0315). On the other end, October was the most stable month, with a tight range of 0.0000 BGN (High: 0.0319 / Low: 0.0319).

November Spread (Volatile) ±0.0005

October Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0000 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.0319) against the same month in 2010 (average: 0.0319), the exchange rate shifted by +0.0000 (+0.02%).

2011 Avg (December) 0.0319

2010 Avg (December) 0.0319

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0319	0.0319	0.0319
February	0.0319	0.0319	0.0319
March	0.0319	0.0318	0.0319
April	0.0319	0.0319	0.0319
May	0.0319	0.0319	0.0319
June	0.0319	0.0319	0.0319
July	0.0319	0.0319	0.0319
August	0.0319	0.0319	0.0319
September	0.0319	0.0319	0.0319
October	0.0319	0.0319	0.0319
November	0.0321	0.0315	0.0319
December	0.0321	0.0317	0.0319