2011 MKD to TRY Historical Review

YEARLY HIGH

0.0420 TRY

YEARLY LOW

0.0330 TRY

YEARLY AVERAGE

0.0380 TRY

2011 MKD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.0420. Conversely, the yearly low was recorded on January 6, dropping to 0.0330.

This high-to-low spread represents a total annual volatility of 0.0090 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0341 to the December average rate of 0.0401, the exchange rate registered a net change of 17.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0420 was up 19.05% compared to the 2010 peak of 0.0353, 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 210 TRY

2010 Average 163 TRY

Yearly Trough Low 165 TRY

Transaction Impact: A difference of 44.81 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0417

0.0334

JanuMarcMayJulySeptNove

MKD to TRY 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 0.0359, compared to 0.0401 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 0.0359

H2 Avg (Jul–Dec) 0.0401

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0028 TRY (High: 0.0358 / Low: 0.0330). On the other end, December was the most stable month, with a tight range of 0.0007 TRY (High: 0.0404 / Low: 0.0397).

January Spread (Volatile) ±0.0028

December Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between April and August, 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 October and November, when the average rate fell by 0.0009 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 0.0410) against the same month in 2010 (average: 0.0317), the exchange rate shifted by +0.0093 (+29.23%).

2011 Avg (August) 0.0410

2010 Avg (August) 0.0317

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0358	0.0330	0.0341
February	0.0361	0.0349	0.0354
March	0.0366	0.0356	0.0360
April	0.0368	0.0352	0.0358
May	0.0374	0.0362	0.0369
June	0.0384	0.0369	0.0375
July	0.0403	0.0376	0.0385
August	0.0420	0.0393	0.0410
September	0.0411	0.0395	0.0403
October	0.0419	0.0400	0.0409
November	0.0410	0.0395	0.0400
December	0.0404	0.0397	0.0401