2011 MKD to NAD Historical Review

YEARLY HIGH

0.1865 NAD

YEARLY LOW

0.1435 NAD

YEARLY AVERAGE

0.1643 NAD

2011 MKD to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.1865. Conversely, the yearly low was recorded on January 10, dropping to 0.1435.

This high-to-low spread represents a total annual volatility of 0.0430 NAD. From a start-to-finish perspective, comparing the January average rate of 0.1510 to the December average rate of 0.1757, the exchange rate registered a net change of 16.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1865 was up 5.99% compared to the 2010 peak of 0.1760, 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 933 NAD

2010 Average 790 NAD

Yearly Trough Low 718 NAD

Transaction Impact: A difference of 215.12 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1829

0.1481

JanuMarcMayJulySeptNove

MKD to NAD 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 0.1578, compared to 0.1708 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0130 points.

H1 Avg (Jan–Jun) 0.1578

H2 Avg (Jul–Dec) 0.1708

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0169 NAD (High: 0.1604 / Low: 0.1435). On the other end, June was the most stable month, with a tight range of 0.0038 NAD (High: 0.1611 / Low: 0.1573).

January Spread (Volatile) ±0.0169

June Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0043 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.1800) against the same month in 2010 (average: 0.1556), the exchange rate shifted by +0.0245 (+15.72%).

2011 Avg (November) 0.1800

2010 Avg (November) 0.1556

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1604	0.1435	0.1510
February	0.1616	0.1570	0.1599
March	0.1621	0.1549	0.1578
April	0.1614	0.1550	0.1586
May	0.1630	0.1582	0.1606
June	0.1611	0.1573	0.1592
July	0.1603	0.1555	0.1579
August	0.1700	0.1555	0.1655
September	0.1757	0.1622	0.1674
October	0.1843	0.1701	0.1782
November	0.1865	0.1759	0.1800
December	0.1789	0.1701	0.1757