2011 MKD to IRR Historical Review

YEARLY HIGH

273.7721 IRR

YEARLY LOW

198.8518 IRR

YEARLY AVERAGE

238.6923 IRR

2011 MKD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 273.7721. Conversely, the yearly low was recorded on November 26, dropping to 198.8518.

This high-to-low spread represents a total annual volatility of 74.9203 IRR. From a start-to-finish perspective, comparing the January average rate of 225.9750 to the December average rate of 232.0296, the exchange rate registered a net change of 2.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 273.7721 was up 13.29% compared to the 2010 peak of 241.6578, 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 1,368,860 IRR

2010 Average 1,088,478 IRR

Yearly Trough Low 994,259 IRR

Transaction Impact: A difference of 374,601.49 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

259.2360

217.4851

JanuMarcMayJulySeptNove

MKD to IRR 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 240.0293, compared to 237.3554 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.6739 points.

H1 Avg (Jan–Jun) 240.0293

H2 Avg (Jul–Dec) 237.3554

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 45.4808 IRR (High: 244.3326 / Low: 198.8518). On the other end, February was the most stable month, with a tight range of 6.3853 IRR (High: 233.3295 / Low: 226.9442).

November Spread (Volatile) ±45.4808

February Spread (Stable) ±6.3853

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 October and November, when the average rate fell by 16.8718 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -16.8718

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2011: 255.7567) against the same month in 2010 (average: 199.1174), the exchange rate shifted by +56.6394 (+28.45%).

2011 Avg (June) 255.7567

2010 Avg (June) 199.1174

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	232.1261	218.3706	225.9750
February	233.3295	226.9442	230.2343
March	241.1098	231.2244	235.6828
April	254.2915	240.2890	245.8810
May	254.3503	242.2782	246.6458
June	273.7721	248.6824	255.7567
July	251.9267	241.3623	246.5222
August	249.8586	243.1698	247.0563
September	246.4912	235.0502	239.7235
October	247.4736	229.9913	237.8362
November	244.3326	198.8518	220.9643
December	239.1054	200.6582	232.0296