2011 MKD to PHP Historical Review

YEARLY HIGH

1.0411 PHP

YEARLY LOW

0.9203 PHP

YEARLY AVERAGE

0.9819 PHP

2011 MKD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 1.0411. Conversely, the yearly low was recorded on December 29, dropping to 0.9203.

This high-to-low spread represents a total annual volatility of 0.1208 PHP. From a start-to-finish perspective, comparing the January average rate of 0.9629 to the December average rate of 0.9366, the exchange rate registered a net change of -2.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.0411 was down 4.27% compared to the 2010 peak of 1.0876, 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 5,206 PHP

2010 Average 4,871 PHP

Yearly Trough Low 4,602 PHP

Transaction Impact: A difference of 603.92 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.0253

0.9285

JanuMarcMayJulySeptNove

MKD to PHP 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 0.9948, compared to 0.9690 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0258 points.

H1 Avg (Jan–Jun) 0.9948

H2 Avg (Jul–Dec) 0.9690

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0599 PHP (High: 0.9889 / Low: 0.9290). On the other end, November was the most stable month, with a tight range of 0.0211 PHP (High: 0.9684 / Low: 0.9473).

January Spread (Volatile) ±0.0599

November Spread (Stable) ±0.0211

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 0.0247 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0247

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 1.0102) against the same month in 2010 (average: 0.9364), the exchange rate shifted by +0.0737 (+7.88%).

2011 Avg (May) 1.0102

2010 Avg (May) 0.9364

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9889	0.9290	0.9629
February	0.9888	0.9561	0.9703
March	1.0051	0.9779	0.9916
April	1.0372	0.9992	1.0167
May	1.0411	0.9942	1.0102
June	1.0317	1.0037	1.0172
July	1.0184	0.9800	0.9939
August	1.0012	0.9744	0.9913
September	0.9852	0.9535	0.9665
October	0.9845	0.9457	0.9689
November	0.9684	0.9473	0.9567
December	0.9517	0.9203	0.9366