2011 MKD to CLP Historical Review

YEARLY HIGH

11.6305 CLP

YEARLY LOW

10.1461 CLP

YEARLY AVERAGE

10.9539 CLP

2011 MKD to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 11.6305. Conversely, the yearly low was recorded on January 3, dropping to 10.1461.

This high-to-low spread represents a total annual volatility of 1.4844 CLP. From a start-to-finish perspective, comparing the January average rate of 10.6503 to the December average rate of 11.0942, the exchange rate registered a net change of 4.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 11.6305 was down 5.48% compared to the 2010 peak of 12.3053, 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 58,153 CLP

2010 Average 55,143 CLP

Yearly Trough Low 50,731 CLP

Transaction Impact: A difference of 7,421.89 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

11.4561

10.4847

JanuMarcMayJulySeptNove

MKD to CLP 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 10.8671, compared to 11.0407 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1735 points.

H1 Avg (Jan–Jun) 10.8671

H2 Avg (Jul–Dec) 11.0407

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.9429 CLP (High: 11.4764 / Low: 10.5334). On the other end, April was the most stable month, with a tight range of 0.2332 CLP (High: 11.1869 / Low: 10.9537).

September Spread (Volatile) ±0.9429

April Spread (Stable) ±0.2332

Growth Streaks & Declines

Trends

Between February and April, 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 June and July, when the average rate fell by 0.2555 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2555

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 11.3751) against the same month in 2010 (average: 10.9616), the exchange rate shifted by +0.4135 (+3.77%).

2011 Avg (October) 11.3751

2010 Avg (October) 10.9616

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.9210	10.1461	10.6503
February	10.8133	10.3212	10.5657
March	11.1670	10.7130	10.9431
April	11.1869	10.9537	11.0836
May	11.3077	10.7977	10.9441
June	11.1530	10.7882	11.0161
July	11.0279	10.5898	10.7607
August	11.0894	10.5507	10.9129
September	11.4764	10.5334	10.8929
October	11.6305	11.1811	11.3751
November	11.4348	10.8789	11.2082
December	11.3048	10.9355	11.0942