2011 RSD to MKD Historical Review

YEARLY HIGH

0.6389 MKD

YEARLY LOW

0.5772 MKD

YEARLY AVERAGE

0.6040 MKD

2011 RSD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the RSD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 23, valuing the pair at 0.6389. Conversely, the yearly low was recorded on January 4, dropping to 0.5772.

This high-to-low spread represents a total annual volatility of 0.0617 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5853 to the December average rate of 0.5960, the exchange rate registered a net change of 1.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6389 was down 0.25% compared to the 2010 peak of 0.6404, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,194 MKD

2010 Average 2,988 MKD

Yearly Trough Low 2,886 MKD

Transaction Impact: A difference of 308.31 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6303

0.5812

JanuMarcMayJulySeptNove

RSD 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 0.6044, compared to 0.6036 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.6044

H2 Avg (Jul–Dec) 0.6036

Volatility Range Comparison

Volatility

The most volatile month in 2011 was June, with a trading range of 0.0360 MKD (High: 0.6372 / Low: 0.6011). On the other end, March was the most stable month, with a tight range of 0.0126 MKD (High: 0.6019 / Low: 0.5893).

June Spread (Volatile) ±0.0360

March Spread (Stable) ±0.0126

Growth Streaks & Declines

Trends

Between January and May, 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 June and July, when the average rate fell by 0.0147 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0147

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.6262) against the same month in 2010 (average: 0.6190), the exchange rate shifted by +0.0072 (+1.17%).

2011 Avg (May) 0.6262

2010 Avg (May) 0.6190

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5911	0.5772	0.5853
February	0.6004	0.5875	0.5951
March	0.6019	0.5893	0.5957
April	0.6173	0.5971	0.6065
May	0.6389	0.6155	0.6262
June	0.6372	0.6011	0.6174
July	0.6153	0.5874	0.6027
August	0.6104	0.5901	0.6016
September	0.6154	0.5987	0.6094
October	0.6199	0.6010	0.6119
November	0.6181	0.5909	0.5999
December	0.6037	0.5820	0.5960