2011 MKD to HNL Historical Review

YEARLY HIGH

0.4588 HNL

YEARLY LOW

0.3978 HNL

YEARLY AVERAGE

0.4289 HNL

2011 MKD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 0.4588. Conversely, the yearly low was recorded on January 10, dropping to 0.3978.

This high-to-low spread represents a total annual volatility of 0.0610 HNL. From a start-to-finish perspective, comparing the January average rate of 0.4121 to the December average rate of 0.4070, the exchange rate registered a net change of -1.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4588 was up 2.18% compared to the 2010 peak of 0.4491, 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 2,294 HNL

2010 Average 2,045 HNL

Yearly Trough Low 1,989 HNL

Transaction Impact: A difference of 305.08 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4493

0.4031

JanuMarcMayJulySeptNove

MKD to HNL 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 0.4326, compared to 0.4253 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.4326

H2 Avg (Jul–Dec) 0.4253

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0317 HNL (High: 0.4380 / Low: 0.4063). On the other end, February was the most stable month, with a tight range of 0.0118 HNL (High: 0.4262 / Low: 0.4144).

October Spread (Volatile) ±0.0317

February Spread (Stable) ±0.0118

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 August and September, when the average rate fell by 0.0154 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0154

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.4426) against the same month in 2010 (average: 0.3886), the exchange rate shifted by +0.0540 (+13.89%).

2011 Avg (May) 0.4426

2010 Avg (May) 0.3886

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4229	0.3978	0.4121
February	0.4262	0.4144	0.4206
March	0.4385	0.4247	0.4313
April	0.4579	0.4357	0.4455
May	0.4588	0.4320	0.4426
June	0.4515	0.4344	0.4433
July	0.4468	0.4306	0.4399
August	0.4449	0.4330	0.4394
September	0.4388	0.4135	0.4240
October	0.4380	0.4063	0.4233
November	0.4267	0.4080	0.4181
December	0.4163	0.3982	0.4070