2011 MKD to GEL Historical Review

YEARLY HIGH

0.0409 GEL

YEARLY LOW

0.0351 GEL

YEARLY AVERAGE

0.0382 GEL

2011 MKD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 0.0409. Conversely, the yearly low was recorded on December 19, dropping to 0.0351.

This high-to-low spread represents a total annual volatility of 0.0058 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0391 to the December average rate of 0.0356, the exchange rate registered a net change of -8.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0409 was down 1.08% compared to the 2010 peak of 0.0413, 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 204 GEL

2010 Average 193 GEL

Yearly Trough Low 175 GEL

Transaction Impact: A difference of 28.88 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0398

0.0353

JanuMarcMayJulySeptNove

MKD to GEL 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 0.0391, compared to 0.0373 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0391

H2 Avg (Jul–Dec) 0.0373

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0030 GEL (High: 0.0404 / Low: 0.0375). On the other end, August was the most stable month, with a tight range of 0.0009 GEL (High: 0.0389 / Low: 0.0380).

January Spread (Volatile) ±0.0030

August Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between March and May, 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 August and September, when the average rate fell by 0.0012 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.0392) against the same month in 2010 (average: 0.0377), the exchange rate shifted by +0.0015 (+3.93%).

2011 Avg (May) 0.0392

2010 Avg (May) 0.0377

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0404	0.0375	0.0391
February	0.0405	0.0389	0.0395
March	0.0395	0.0383	0.0390
April	0.0397	0.0383	0.0392
May	0.0409	0.0383	0.0392
June	0.0395	0.0379	0.0388
July	0.0393	0.0382	0.0388
August	0.0389	0.0380	0.0385
September	0.0385	0.0364	0.0373
October	0.0383	0.0358	0.0371
November	0.0374	0.0358	0.0366
December	0.0365	0.0351	0.0356