2011 NGN to MKD Historical Review

YEARLY HIGH

0.3111 MKD

YEARLY LOW

0.2663 MKD

YEARLY AVERAGE

0.2832 MKD

2011 NGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.3111. Conversely, the yearly low was recorded on May 4, dropping to 0.2663.

This high-to-low spread represents a total annual volatility of 0.0448 MKD. From a start-to-finish perspective, comparing the January average rate of 0.3010 to the December average rate of 0.2868, the exchange rate registered a net change of -4.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3111 was down 8.48% compared to the 2010 peak of 0.3399, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 311,071 MKD

2010 Average 306,772 MKD

Yearly Trough Low 266,273 MKD

Transaction Impact: A difference of 44,798.21 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3037

0.2711

JanuMarcMayJulySeptNove

NGN to MKD 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 0.2834, compared to 0.2830 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.2834

H2 Avg (Jul–Dec) 0.2830

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0215 MKD (High: 0.2935 / Low: 0.2720). On the other end, June was the most stable month, with a tight range of 0.0098 MKD (High: 0.2793 / Low: 0.2696).

October Spread (Volatile) ±0.0215

June Spread (Stable) ±0.0098

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0114 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0114

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.3010) against the same month in 2010 (average: 0.2860), the exchange rate shifted by +0.0150 (+5.24%).

2011 Avg (January) 0.3010

2010 Avg (January) 0.2860

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3111	0.2941	0.3010
February	0.2991	0.2893	0.2941
March	0.2893	0.2782	0.2827
April	0.2814	0.2670	0.2746
May	0.2795	0.2663	0.2738
June	0.2793	0.2696	0.2740
July	0.2892	0.2776	0.2823
August	0.2865	0.2722	0.2788
September	0.2907	0.2776	0.2850
October	0.2935	0.2720	0.2797
November	0.2909	0.2795	0.2852
December	0.2932	0.2816	0.2868