2011 MKD to JPY Historical Review

YEARLY HIGH

1.9957 JPY

YEARLY LOW

1.6226 JPY

YEARLY AVERAGE

1.8087 JPY

2011 MKD to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 1.9957. Conversely, the yearly low was recorded on December 30, dropping to 1.6226.

This high-to-low spread represents a total annual volatility of 0.3730 JPY. From a start-to-finish perspective, comparing the January average rate of 1.7984 to the December average rate of 1.6705, the exchange rate registered a net change of -7.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.9957 was down 8.52% compared to the 2010 peak of 2.1815, 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 9,978 JPY

2010 Average 9,485 JPY

Yearly Trough Low 8,113 JPY

Transaction Impact: A difference of 1,865.23 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.9885

1.6416

JanuMarcMayJulySeptNove

MKD to JPY 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 1.8733, compared to 1.7441 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1292 points.

H1 Avg (Jan–Jun) 1.8733

H2 Avg (Jul–Dec) 1.7441

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.1317 JPY (High: 1.7812 / Low: 1.6496). On the other end, February was the most stable month, with a tight range of 0.0338 JPY (High: 1.8521 / Low: 1.8183).

October Spread (Volatile) ±0.1317

February Spread (Stable) ±0.0338

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 0.0723 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0723

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 1.9596) against the same month in 2010 (average: 2.0432), the exchange rate shifted by -0.0836 (-4.09%).

2011 Avg (April) 1.9596

2010 Avg (April) 2.0432

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8545	1.7423	1.7984
February	1.8521	1.8183	1.8365
March	1.9191	1.8006	1.8630
April	1.9957	1.9224	1.9596
May	1.9667	1.8627	1.8977
June	1.9137	1.8518	1.8845
July	1.9107	1.7925	1.8455
August	1.8374	1.7680	1.7987
September	1.7907	1.6717	1.7264
October	1.7812	1.6496	1.7132
November	1.7566	1.6740	1.7101
December	1.7149	1.6226	1.6705