2011 MKD to ETB Historical Review

YEARLY HIGH

0.4081 ETB

YEARLY LOW

0.2676 ETB

YEARLY AVERAGE

0.3613 ETB

2011 MKD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 0.4081. Conversely, the yearly low was recorded on January 10, dropping to 0.2676.

This high-to-low spread represents a total annual volatility of 0.1405 ETB. From a start-to-finish perspective, comparing the January average rate of 0.2772 to the December average rate of 0.3703, the exchange rate registered a net change of 33.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4081 was up 38.83% compared to the 2010 peak of 0.2940, 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 2,041 ETB

2010 Average 1,256 ETB

Yearly Trough Low 1,338 ETB

Transaction Impact: A difference of 702.68 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4103

0.2651

JanuMarcMayJulySeptNove

MKD to ETB 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 0.3377, compared to 0.3849 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0473 points.

H1 Avg (Jan–Jun) 0.3377

H2 Avg (Jul–Dec) 0.3849

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.1126 ETB (High: 0.4076 / Low: 0.2950). On the other end, February was the most stable month, with a tight range of 0.0086 ETB (High: 0.2879 / Low: 0.2794).

April Spread (Volatile) ±0.1126

February Spread (Stable) ±0.0086

Growth Streaks & Declines

Trends

Between 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 0.0143 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0143

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.3939) against the same month in 2010 (average: 0.2303), the exchange rate shifted by +0.1636 (+71.06%).

2011 Avg (May) 0.3939

2010 Avg (May) 0.2303

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2848	0.2676	0.2772
February	0.2879	0.2794	0.2836
March	0.2963	0.2868	0.2916
April	0.4076	0.2950	0.3834
May	0.4081	0.3861	0.3939
June	0.4027	0.3883	0.3962
July	0.4022	0.3864	0.3953
August	0.4030	0.3924	0.3982
September	0.3974	0.3744	0.3840
October	0.3954	0.3676	0.3827
November	0.3856	0.3711	0.3791
December	0.3786	0.3626	0.3703