2011 MKD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 MKD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the MKD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 29.7278. Conversely, the yearly low was recorded on January 11, dropping to 23.9036.
This high-to-low spread represents a total annual volatility of 5.8242 BIF. From a start-to-finish perspective, comparing the January average rate of 24.7202 to the December average rate of 27.6585, the exchange rate registered a net change of 11.89% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 29.7278 was up 9.58% compared to the 2010 peak of 27.1279, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
MKD to BIF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 26.9955, compared to 27.8699 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8744 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was April, with a trading range of 3.5386 BIF (High: 29.6834 / Low: 26.1448). On the other end, August was the most stable month, with a tight range of 0.6491 BIF (High: 29.0432 / Low: 28.3941).
Growth Streaks & Declines
TrendsBetween 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 August and September, when the average rate fell by 1.0871 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2011: 28.6651) against the same month in 2010 (average: 23.3891), the exchange rate shifted by +5.2761 (+22.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.3957 | 23.9036 | 24.7202 |
| February | 25.6295 | 24.9168 | 25.2895 |
| March | 26.3374 | 25.5902 | 25.9234 |
| April | 29.6834 | 26.1448 | 28.6359 |
| May | 29.7278 | 27.8706 | 28.6651 |
| June | 29.3020 | 28.1804 | 28.7389 |
| July | 29.0189 | 27.9369 | 28.5458 |
| August | 29.0432 | 28.3941 | 28.6754 |
| September | 28.6333 | 26.8902 | 27.5883 |
| October | 28.4227 | 26.4730 | 27.4901 |
| November | 28.0434 | 26.6130 | 27.2612 |
| December | 28.6142 | 26.9174 | 27.6585 |