2011 MKD to BRL Historical Review

YEARLY HIGH

0.0413 BRL

YEARLY LOW

0.0355 BRL

YEARLY AVERAGE

0.0379 BRL

2011 MKD to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 0.0413. Conversely, the yearly low was recorded on January 12, dropping to 0.0355.

This high-to-low spread represents a total annual volatility of 0.0058 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0365 to the December average rate of 0.0394, the exchange rate registered a net change of 7.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0413 was down 2.94% compared to the 2010 peak of 0.0425, 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 206 BRL

2010 Average 190 BRL

Yearly Trough Low 177 BRL

Transaction Impact: A difference of 28.95 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0399

0.0361

JanuMarcMayJulySeptNove

MKD to BRL 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 0.0373, compared to 0.0385 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0373

H2 Avg (Jul–Dec) 0.0385

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0040 BRL (High: 0.0413 / Low: 0.0373). On the other end, June was the most stable month, with a tight range of 0.0009 BRL (High: 0.0377 / Low: 0.0368).

September Spread (Volatile) ±0.0040

June Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.0008 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.0390) against the same month in 2010 (average: 0.0366), the exchange rate shifted by +0.0024 (+6.64%).

2011 Avg (September) 0.0390

2010 Avg (September) 0.0366

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0375	0.0355	0.0365
February	0.0375	0.0365	0.0371
March	0.0385	0.0373	0.0378
April	0.0381	0.0369	0.0373
May	0.0390	0.0371	0.0377
June	0.0377	0.0368	0.0372
July	0.0368	0.0360	0.0364
August	0.0379	0.0362	0.0373
September	0.0413	0.0373	0.0390
October	0.0410	0.0387	0.0396
November	0.0408	0.0387	0.0395
December	0.0399	0.0390	0.0394