2011 PYG to MKD Historical Review

YEARLY HIGH

0.0114 MKD

YEARLY LOW

0.0096 MKD

YEARLY AVERAGE

0.0105 MKD

2011 PYG to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the PYG to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 0.0114. Conversely, the yearly low was recorded on February 2, dropping to 0.0096.

This high-to-low spread represents a total annual volatility of 0.0018 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0100 to the December average rate of 0.0105, the exchange rate registered a net change of 5.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0114 was up 5.97% compared to the 2010 peak of 0.0108, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 PYG based on timing:

Yearly Peak High 57 MKD

2010 Average 49 MKD

Yearly Trough Low 48 MKD

Transaction Impact: A difference of 9.18 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0113

0.0096

JanuMarcMayJulySeptNove

PYG 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 0.0103, compared to 0.0108 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0103

H2 Avg (Jul–Dec) 0.0108

Volatility Range Comparison

Volatility

The most volatile month in 2011 was March, with a trading range of 0.0008 MKD (High: 0.0106 / Low: 0.0097). On the other end, April was the most stable month, with a tight range of 0.0004 MKD (High: 0.0107 / Low: 0.0103).

March Spread (Volatile) ±0.0008

April Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between February and May, 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 September and October, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 0.0110) against the same month in 2010 (average: 0.0100), the exchange rate shifted by +0.0010 (+10.38%).

2011 Avg (August) 0.0110

2010 Avg (August) 0.0100

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0104	0.0097	0.0100
February	0.0100	0.0096	0.0098
March	0.0106	0.0097	0.0101
April	0.0107	0.0103	0.0105
May	0.0110	0.0104	0.0107
June	0.0109	0.0105	0.0106
July	0.0113	0.0106	0.0109
August	0.0114	0.0108	0.0110
September	0.0114	0.0109	0.0112
October	0.0112	0.0103	0.0107
November	0.0108	0.0103	0.0105
December	0.0108	0.0102	0.0105