2011 MKD to CVE Historical Review

YEARLY HIGH

1.8099 CVE

YEARLY LOW

1.7875 CVE

YEARLY AVERAGE

1.7968 CVE

2011 MKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1.8099. Conversely, the yearly low was recorded on November 30, dropping to 1.7875.

This high-to-low spread represents a total annual volatility of 0.0224 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7968 to the December average rate of 1.7974, the exchange rate registered a net change of 0.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.8099 was up 0.73% compared to the 2010 peak of 1.7968, 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 9,049 CVE

2010 Average 8,984 CVE

Yearly Trough Low 8,938 CVE

Transaction Impact: A difference of 111.76 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.7976

1.7958

JanuMarcMayJulySeptNove

MKD to CVE 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 1.7968, compared to 1.7968 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 1.7968

H2 Avg (Jul–Dec) 1.7968

Volatility Range Comparison

Volatility

The most volatile month in 2011 was December, with a trading range of 0.0207 CVE (High: 1.8099 / Low: 1.7892). On the other end, September was the most stable month, with a tight range of 0.0000 CVE (High: 1.7968 / Low: 1.7968).

December Spread (Volatile) ±0.0207

September 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 0.0009 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.7974) against the same month in 2010 (average: 1.7968), the exchange rate shifted by +0.0006 (+0.03%).

2011 Avg (December) 1.7974

2010 Avg (December) 1.7968

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7968	1.7968	1.7968
February	1.7968	1.7968	1.7968
March	1.7968	1.7968	1.7968
April	1.7968	1.7968	1.7968
May	1.7968	1.7968	1.7968
June	1.7968	1.7968	1.7968
July	1.7968	1.7968	1.7968
August	1.7968	1.7968	1.7968
September	1.7968	1.7968	1.7968
October	1.7968	1.7968	1.7968
November	1.8055	1.7875	1.7960
December	1.8099	1.7892	1.7974