2011 QAR to MKD Historical Review

YEARLY HIGH

13.0838 MKD

YEARLY LOW

11.3280 MKD

YEARLY AVERAGE

12.1251 MKD

2011 QAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the QAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 13.0838. Conversely, the yearly low was recorded on May 4, dropping to 11.3280.

This high-to-low spread represents a total annual volatility of 1.7558 MKD. From a start-to-finish perspective, comparing the January average rate of 12.6172 to the December average rate of 12.7960, the exchange rate registered a net change of 1.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 13.0838 was down 7.32% compared to the 2010 peak of 14.1169, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 65,419 MKD

2010 Average 63,672 MKD

Yearly Trough Low 56,640 MKD

Transaction Impact: A difference of 8,779.07 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

12.9089

11.5539

JanuMarcMayJulySeptNove

QAR 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 12.0255, compared to 12.2247 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1991 points.

H1 Avg (Jan–Jun) 12.0255

H2 Avg (Jul–Dec) 12.2247

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.8843 MKD (High: 12.7899 / Low: 11.9056). On the other end, August was the most stable month, with a tight range of 0.2830 MKD (High: 11.9199 / Low: 11.6369).

October Spread (Volatile) ±0.8843

August Spread (Stable) ±0.2830

Growth Streaks & Declines

Trends

Between 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 0.3797 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3797

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 12.7960) against the same month in 2010 (average: 12.7546), the exchange rate shifted by +0.0414 (+0.32%).

2011 Avg (December) 12.7960

2010 Avg (December) 12.7546

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.0655	12.2910	12.6172
February	12.5434	12.1862	12.3554
March	12.2401	11.8629	12.0465
April	11.9216	11.3448	11.6668
May	12.0245	11.3280	11.7447
June	11.9665	11.5058	11.7227
July	12.0632	11.6264	11.8088
August	11.9199	11.6369	11.7637
September	12.5528	11.8014	12.2365
October	12.7899	11.9056	12.2943
November	12.7368	12.2082	12.4488
December	13.0838	12.4918	12.7960