2011 MKD to CRC Historical Review

YEARLY HIGH

12.0666 CRC

YEARLY LOW

10.5362 CRC

YEARLY AVERAGE

11.3824 CRC

2011 MKD to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 12.0666. Conversely, the yearly low was recorded on December 29, dropping to 10.5362.

This high-to-low spread represents a total annual volatility of 1.5305 CRC. From a start-to-finish perspective, comparing the January average rate of 10.9524 to the December average rate of 10.7597, the exchange rate registered a net change of -1.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 12.0666 was down 10.50% compared to the 2010 peak of 13.4825, 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 60,333 CRC

2010 Average 56,785 CRC

Yearly Trough Low 52,681 CRC

Transaction Impact: A difference of 7,652.37 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

11.8857

10.6574

JanuMarcMayJulySeptNove

MKD to CRC 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 11.4139, compared to 11.3509 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0630 points.

H1 Avg (Jan–Jun) 11.4139

H2 Avg (Jul–Dec) 11.3509

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.7615 CRC (High: 11.8051 / Low: 11.0436). On the other end, August was the most stable month, with a tight range of 0.2943 CRC (High: 11.9003 / Low: 11.6060).

September Spread (Volatile) ±0.7615

August Spread (Stable) ±0.2943

Growth Streaks & Declines

Trends

Between January and April, 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 November and December, when the average rate fell by 0.3757 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3757

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 11.6155) against the same month in 2010 (average: 10.7914), the exchange rate shifted by +0.8241 (+7.64%).

2011 Avg (May) 11.6155

2010 Avg (May) 10.7914

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.1733	10.6482	10.9524
February	11.2384	10.9402	11.0751
March	11.5187	11.1613	11.3472
April	12.0496	11.4150	11.7100
May	12.0666	11.3117	11.6155
June	12.0069	11.5464	11.7833
July	11.8708	11.4031	11.6854
August	11.9003	11.6060	11.7457
September	11.8051	11.0436	11.3708
October	11.6967	11.0224	11.4085
November	11.4890	10.7444	11.1354
December	11.0089	10.5362	10.7597