2011 MKD to SZL Historical Review

YEARLY HIGH

0.1871 SZL

YEARLY LOW

0.1435 SZL

YEARLY AVERAGE

0.1640 SZL

2011 MKD to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.1871. Conversely, the yearly low was recorded on January 10, dropping to 0.1435.

This high-to-low spread represents a total annual volatility of 0.0436 SZL. From a start-to-finish perspective, comparing the January average rate of 0.1506 to the December average rate of 0.1757, the exchange rate registered a net change of 16.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1871 was up 6.34% compared to the 2010 peak of 0.1759, 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 935 SZL

2010 Average 791 SZL

Yearly Trough Low 718 SZL

Transaction Impact: A difference of 217.86 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1825

0.1477

JanuMarcMayJulySeptNove

MKD to SZL 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 0.1576, compared to 0.1703 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0127 points.

H1 Avg (Jan–Jun) 0.1576

H2 Avg (Jul–Dec) 0.1703

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0167 SZL (High: 0.1602 / Low: 0.1435). On the other end, June was the most stable month, with a tight range of 0.0038 SZL (High: 0.1610 / Low: 0.1572).

January Spread (Volatile) ±0.0167

June Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between July and November, 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 November and December, when the average rate fell by 0.0039 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.1796) against the same month in 2010 (average: 0.1549), the exchange rate shifted by +0.0247 (+15.96%).

2011 Avg (November) 0.1796

2010 Avg (November) 0.1549

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1602	0.1435	0.1506
February	0.1612	0.1572	0.1597
March	0.1617	0.1551	0.1579
April	0.1614	0.1552	0.1585
May	0.1616	0.1576	0.1600
June	0.1610	0.1572	0.1590
July	0.1597	0.1549	0.1579
August	0.1698	0.1556	0.1654
September	0.1733	0.1623	0.1667
October	0.1820	0.1689	0.1767
November	0.1871	0.1754	0.1796
December	0.1790	0.1703	0.1757