2011 PEN to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 PEN to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the PEN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 17.6612. Conversely, the yearly low was recorded on May 2, dropping to 14.5659.
This high-to-low spread represents a total annual volatility of 3.0953 MKD. From a start-to-finish perspective, comparing the January average rate of 16.4678 to the December average rate of 17.2712, the exchange rate registered a net change of 4.88% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 17.6612 was up 3.27% compared to the 2010 peak of 17.1024, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
PEN to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 15.7306, compared to 16.3217 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5910 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was May, with a trading range of 1.3043 MKD (High: 15.8702 / Low: 14.5659). On the other end, August was the most stable month, with a tight range of 0.3465 MKD (High: 15.8073 / Low: 15.4608).
Growth Streaks & Declines
TrendsBetween August and December, 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 March and April, when the average rate fell by 0.7011 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 17.2712) against the same month in 2010 (average: 15.4520), the exchange rate shifted by +1.8193 (+11.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.9520 | 16.1318 | 16.4678 |
| February | 16.4986 | 15.9627 | 16.2197 |
| March | 16.0885 | 15.3953 | 15.7834 |
| April | 15.4610 | 14.6316 | 15.0823 |
| May | 15.8702 | 14.5659 | 15.3903 |
| June | 15.7778 | 15.0190 | 15.4401 |
| July | 16.0116 | 15.3978 | 15.6763 |
| August | 15.8073 | 15.4608 | 15.6307 |
| September | 16.5103 | 15.7329 | 16.2378 |
| October | 16.7666 | 15.9905 | 16.3686 |
| November | 17.1107 | 16.3931 | 16.7452 |
| December | 17.6612 | 16.8398 | 17.2712 |