2011 MKD to SCR Historical Review

YEARLY HIGH

0.3020 SCR

YEARLY LOW

0.2634 SCR

YEARLY AVERAGE

0.2822 SCR

2011 MKD to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 0.3020. Conversely, the yearly low was recorded on January 9, dropping to 0.2634.

This high-to-low spread represents a total annual volatility of 0.0386 SCR. From a start-to-finish perspective, comparing the January average rate of 0.2706 to the December average rate of 0.2864, the exchange rate registered a net change of 5.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3020 was up 4.58% compared to the 2010 peak of 0.2888, 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 1,510 SCR

2010 Average 1,311 SCR

Yearly Trough Low 1,317 SCR

Transaction Impact: A difference of 193.04 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.2916

0.2687

JanuMarcMayJulySeptNove

MKD to SCR 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 0.2819, compared to 0.2826 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.2819

H2 Avg (Jul–Dec) 0.2826

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0249 SCR (High: 0.2933 / Low: 0.2684). On the other end, February was the most stable month, with a tight range of 0.0101 SCR (High: 0.2778 / Low: 0.2676).

October Spread (Volatile) ±0.0249

February Spread (Stable) ±0.0101

Growth Streaks & Declines

Trends

Between January and May, 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 August and September, when the average rate fell by 0.0098 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0098

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 0.2884) against the same month in 2010 (average: 0.2622), the exchange rate shifted by +0.0262 (+9.98%).

2011 Avg (April) 0.2884

2010 Avg (April) 0.2622

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2791	0.2634	0.2706
February	0.2778	0.2676	0.2739
March	0.2875	0.2738	0.2808
April	0.3020	0.2797	0.2884
May	0.3020	0.2801	0.2897
June	0.2945	0.2798	0.2877
July	0.2931	0.2764	0.2845
August	0.2957	0.2818	0.2862
September	0.2903	0.2688	0.2765
October	0.2933	0.2684	0.2803
November	0.2890	0.2771	0.2817
December	0.2942	0.2797	0.2864