2011 MKD to KES Historical Review

YEARLY HIGH

2.3563 KES

YEARLY LOW

1.7088 KES

YEARLY AVERAGE

2.0122 KES

2011 MKD to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on October 11, valuing the pair at 2.3563. Conversely, the yearly low was recorded on January 10, dropping to 1.7088.

This high-to-low spread represents a total annual volatility of 0.6475 KES. From a start-to-finish perspective, comparing the January average rate of 1.7636 to the December average rate of 1.8565, the exchange rate registered a net change of 5.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.3563 was up 26.72% compared to the 2010 peak of 1.8595, 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 11,781 KES

2010 Average 8,557 KES

Yearly Trough Low 8,544 KES

Transaction Impact: A difference of 3,237.61 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.3064

1.7142

JanuMarcMayJulySeptNove

MKD to KES 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 1.9255, compared to 2.0989 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1734 points.

H1 Avg (Jan–Jun) 1.9255

H2 Avg (Jul–Dec) 2.0989

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 0.2479 KES (High: 2.1857 / Low: 1.9378). On the other end, May was the most stable month, with a tight range of 0.0517 KES (High: 2.0275 / Low: 1.9758).

November Spread (Volatile) ±0.2479

May Spread (Stable) ±0.0517

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.2006 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.2006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 2.2570) against the same month in 2010 (average: 1.8267), the exchange rate shifted by +0.4303 (+23.55%).

2011 Avg (October) 2.2570

2010 Avg (October) 1.8267

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8121	1.7088	1.7636
February	1.8572	1.7799	1.8126
March	1.9660	1.8636	1.9225
April	2.0190	1.9190	1.9741
May	2.0275	1.9758	1.9954
June	2.1433	2.0165	2.0848
July	2.1335	2.0502	2.0919
August	2.2133	2.1072	2.1692
September	2.2756	2.1018	2.1616
October	2.3563	2.1952	2.2570
November	2.1857	1.9378	2.0572
December	1.9767	1.7736	1.8565