2011 MKD to VUV Historical Review

YEARLY HIGH

2.1793 VUV

YEARLY LOW

1.9615 VUV

YEARLY AVERAGE

2.0649 VUV

2011 MKD to VUV Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to VUV exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 2.1793. Conversely, the yearly low was recorded on December 29, dropping to 1.9615.

This high-to-low spread represents a total annual volatility of 0.2177 VUV. From a start-to-finish perspective, comparing the January average rate of 2.0417 to the December average rate of 1.9897, the exchange rate registered a net change of -2.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.1793 was down 4.70% compared to the 2010 peak of 2.2868, 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 10,896 VUV

2010 Average 10,489 VUV

Yearly Trough Low 9,808 VUV

Transaction Impact: A difference of 1,088.68 VUV purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.1652

1.9737

JanuMarcMayJulySeptNove

MKD to VUV 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 2.0943, compared to 2.0354 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0589 points.

H1 Avg (Jan–Jun) 2.0943

H2 Avg (Jul–Dec) 2.0354

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.1418 VUV (High: 2.1680 / Low: 2.0262). On the other end, December was the most stable month, with a tight range of 0.0617 VUV (High: 2.0233 / Low: 1.9615).

May Spread (Volatile) ±0.1418

December Spread (Stable) ±0.0617

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 0.0635 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0635

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2011: 2.1298) against the same month in 2010 (average: 2.1594), the exchange rate shifted by -0.0296 (-1.37%).

2011 Avg (March) 2.1298

2010 Avg (March) 2.1594

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0873	1.9772	2.0417
February	2.1148	2.0421	2.0748
March	2.1793	2.0729	2.1298
April	2.1741	2.1058	2.1492
May	2.1680	2.0262	2.0910
June	2.1245	2.0196	2.0795
July	2.0888	2.0027	2.0514
August	2.1454	2.0253	2.0846
September	2.0821	1.9708	2.0211
October	2.0844	1.9763	2.0497
November	2.0583	1.9670	2.0161
December	2.0233	1.9615	1.9897