2011 MKD to GIP Historical Review

YEARLY HIGH

0.0147 GIP

YEARLY LOW

0.0135 GIP

YEARLY AVERAGE

0.0141 GIP

2011 MKD to GIP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to GIP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 1, valuing the pair at 0.0147. Conversely, the yearly low was recorded on December 28, dropping to 0.0135.

This high-to-low spread represents a total annual volatility of 0.0012 GIP. From a start-to-finish perspective, comparing the January average rate of 0.0138 to the December average rate of 0.0138, the exchange rate registered a net change of -0.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0147 was down 0.70% compared to the 2010 peak of 0.0149, 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 74 GIP

2010 Average 70 GIP

Yearly Trough Low 68 GIP

Transaction Impact: A difference of 6.10 GIP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0145

0.0137

JanuMarcMayJulySeptNove

MKD to GIP 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 0.0141, compared to 0.0141 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) 0.0141

H2 Avg (Jul–Dec) 0.0141

Volatility Range Comparison

Volatility

The most volatile month in 2011 was March, with a trading range of 0.0006 GIP (High: 0.0144 / Low: 0.0138). On the other end, November was the most stable month, with a tight range of 0.0002 GIP (High: 0.0141 / Low: 0.0139).

March Spread (Volatile) ±0.0006

November Spread (Stable) ±0.0002

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 November and December, when the average rate fell by 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 0.0144) against the same month in 2010 (average: 0.0136), the exchange rate shifted by +0.0008 (+6.00%).

2011 Avg (July) 0.0144

2010 Avg (July) 0.0136

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0141	0.0136	0.0138
February	0.0139	0.0136	0.0138
March	0.0144	0.0138	0.0141
April	0.0145	0.0142	0.0144
May	0.0147	0.0141	0.0143
June	0.0147	0.0143	0.0145
July	0.0147	0.0142	0.0144
August	0.0144	0.0142	0.0143
September	0.0144	0.0140	0.0142
October	0.0143	0.0140	0.0142
November	0.0141	0.0139	0.0140
December	0.0140	0.0135	0.0138