2011 MKD to RUB Historical Review

YEARLY HIGH

0.7129 RUB

YEARLY LOW

0.6355 RUB

YEARLY AVERAGE

0.6660 RUB

2011 MKD to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 0.7129. Conversely, the yearly low was recorded on March 3, dropping to 0.6355.

This high-to-low spread represents a total annual volatility of 0.0774 RUB. From a start-to-finish perspective, comparing the January average rate of 0.6574 to the December average rate of 0.6765, the exchange rate registered a net change of 2.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.7129 was up 0.78% compared to the 2010 peak of 0.7074, 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 3,565 RUB

2010 Average 3,282 RUB

Yearly Trough Low 3,178 RUB

Transaction Impact: A difference of 386.81 RUB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.7038

0.6432

JanuMarcMayJulySeptNove

MKD to RUB 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 0.6543, compared to 0.6778 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0234 points.

H1 Avg (Jan–Jun) 0.6543

H2 Avg (Jul–Dec) 0.6778

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0511 RUB (High: 0.6927 / Low: 0.6416). On the other end, June was the most stable month, with a tight range of 0.0119 RUB (High: 0.6624 / Low: 0.6505).

August Spread (Volatile) ±0.0511

June Spread (Stable) ±0.0119

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0182 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0182

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.6886) against the same month in 2010 (average: 0.6551), the exchange rate shifted by +0.0334 (+5.10%).

2011 Avg (September) 0.6886

2010 Avg (September) 0.6551

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6682	0.6439	0.6574
February	0.6665	0.6433	0.6505
March	0.6560	0.6355	0.6482
April	0.6659	0.6539	0.6610
May	0.6648	0.6462	0.6534
June	0.6624	0.6505	0.6555
July	0.6585	0.6416	0.6490
August	0.6927	0.6416	0.6734
September	0.7129	0.6692	0.6886
October	0.7100	0.6880	0.6987
November	0.6900	0.6723	0.6805
December	0.6857	0.6624	0.6765