2011 MKD to NPR Historical Review

YEARLY HIGH

1.8362 NPR

YEARLY LOW

1.4987 NPR

YEARLY AVERAGE

1.6771 NPR

2011 MKD to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 1, valuing the pair at 1.8362. Conversely, the yearly low was recorded on January 10, dropping to 1.4987.

This high-to-low spread represents a total annual volatility of 0.3376 NPR. From a start-to-finish perspective, comparing the January average rate of 1.5503 to the December average rate of 1.8009, the exchange rate registered a net change of 16.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.8362 was up 8.33% compared to the 2010 peak of 1.6950, 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 9,181 NPR

2010 Average 7,712 NPR

Yearly Trough Low 7,493 NPR

Transaction Impact: A difference of 1,687.89 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.8260

1.5253

JanuMarcMayJulySeptNove

MKD to NPR 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 1.6307, compared to 1.7234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0927 points.

H1 Avg (Jan–Jun) 1.6307

H2 Avg (Jul–Dec) 1.7234

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.1293 NPR (High: 1.7932 / Low: 1.6638). On the other end, September was the most stable month, with a tight range of 0.0405 NPR (High: 1.7140 / Low: 1.6735).

October Spread (Volatile) ±0.1293

September Spread (Stable) ±0.0405

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 June and July, when the average rate fell by 0.0295 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0295

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.8009) against the same month in 2010 (average: 1.5243), the exchange rate shifted by +0.2766 (+18.15%).

2011 Avg (December) 1.8009

2010 Avg (December) 1.5243

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5939	1.4987	1.5503
February	1.6064	1.5563	1.5832
March	1.6416	1.5949	1.6170
April	1.7158	1.6268	1.6689
May	1.7299	1.6567	1.6823
June	1.7064	1.6497	1.6826
July	1.6827	1.6312	1.6531
August	1.7355	1.6284	1.6939
September	1.7140	1.6735	1.6974
October	1.7932	1.6638	1.7323
November	1.8087	1.7221	1.7628
December	1.8362	1.7321	1.8009