2011 MKD to HRK Historical Review

YEARLY HIGH

0.1230 HRK

YEARLY LOW

0.1198 HRK

YEARLY AVERAGE

0.1212 HRK

2011 MKD to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.1230. Conversely, the yearly low was recorded on March 21, dropping to 0.1198.

This high-to-low spread represents a total annual volatility of 0.0032 HRK. From a start-to-finish perspective, comparing the January average rate of 0.1206 to the December average rate of 0.1224, the exchange rate registered a net change of 1.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1230 was up 1.48% compared to the 2010 peak of 0.1212, 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 615 HRK

2010 Average 594 HRK

Yearly Trough Low 599 HRK

Transaction Impact: A difference of 15.90 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1227

0.1197

JanuMarcMayJulySeptNove

MKD to HRK 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 0.1205, compared to 0.1218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.1205

H2 Avg (Jul–Dec) 0.1218

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 0.0019 HRK (High: 0.1227 / Low: 0.1208). On the other end, April was the most stable month, with a tight range of 0.0004 HRK (High: 0.1202 / Low: 0.1198).

November Spread (Volatile) ±0.0019

April Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between June and September, 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 February and March, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.1224) against the same month in 2010 (average: 0.1204), the exchange rate shifted by +0.0020 (+1.66%).

2011 Avg (December) 0.1224

2010 Avg (December) 0.1204

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1213	0.1201	0.1206
February	0.1211	0.1205	0.1208
March	0.1210	0.1198	0.1204
April	0.1202	0.1198	0.1200
May	0.1214	0.1200	0.1208
June	0.1216	0.1200	0.1207
July	0.1218	0.1203	0.1210
August	0.1221	0.1211	0.1216
September	0.1228	0.1216	0.1221
October	0.1224	0.1215	0.1219
November	0.1227	0.1208	0.1220
December	0.1230	0.1218	0.1224