2011 MKD to SYP Historical Review

YEARLY HIGH

1.1524 SYP

YEARLY LOW

0.9863 SYP

YEARLY AVERAGE

1.0894 SYP

2011 MKD to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 1.1524. Conversely, the yearly low was recorded on January 10, dropping to 0.9863.

This high-to-low spread represents a total annual volatility of 0.1661 SYP. From a start-to-finish perspective, comparing the January average rate of 1.0188 to the December average rate of 1.1079, the exchange rate registered a net change of 8.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1524 was up 6.50% compared to the 2010 peak of 1.0821, 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 5,762 SYP

2010 Average 5,015 SYP

Yearly Trough Low 4,932 SYP

Transaction Impact: A difference of 830.71 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1282

1.0089

JanuMarcMayJulySeptNove

MKD to SYP 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 1.0774, compared to 1.1014 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0240 points.

H1 Avg (Jan–Jun) 1.0774

H2 Avg (Jul–Dec) 1.1014

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.0693 SYP (High: 1.1524 / Low: 1.0831). On the other end, February was the most stable month, with a tight range of 0.0223 SYP (High: 1.0506 / Low: 1.0283).

May Spread (Volatile) ±0.0693

February Spread (Stable) ±0.0223

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 0.0270 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0270

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 1.1102) against the same month in 2010 (average: 0.9619), the exchange rate shifted by +0.1484 (+15.43%).

2011 Avg (May) 1.1102

2010 Avg (May) 0.9619

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0442	0.9863	1.0188
February	1.0506	1.0283	1.0395
March	1.0986	1.0482	1.0656
April	1.1503	1.0927	1.1182
May	1.1524	1.0831	1.1102
June	1.1323	1.0887	1.1119
July	1.1201	1.0810	1.1041
August	1.1198	1.0930	1.1081
September	1.1041	1.0546	1.0811
October	1.1355	1.0686	1.1053
November	1.1456	1.0784	1.1018
December	1.1347	1.0935	1.1079