2011 SYP to MKD Historical Review

YEARLY HIGH

1.0139 MKD

YEARLY LOW

0.8677 MKD

YEARLY AVERAGE

0.9188 MKD

2011 SYP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SYP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 1.0139. Conversely, the yearly low was recorded on May 4, dropping to 0.8677.

This high-to-low spread represents a total annual volatility of 0.1462 MKD. From a start-to-finish perspective, comparing the January average rate of 0.9818 to the December average rate of 0.9027, the exchange rate registered a net change of -8.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.0139 was down 6.97% compared to the 2010 peak of 1.0898, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,069 MKD

2010 Average 4,992 MKD

Yearly Trough Low 4,339 MKD

Transaction Impact: A difference of 730.84 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.9906

0.8857

JanuMarcMayJulySeptNove

SYP 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 0.9295, compared to 0.9081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0214 points.

H1 Avg (Jan–Jun) 0.9295

H2 Avg (Jul–Dec) 0.9081

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0562 MKD (High: 1.0139 / Low: 0.9577). On the other end, February was the most stable month, with a tight range of 0.0207 MKD (High: 0.9725 / Low: 0.9518).

January Spread (Volatile) ±0.0562

February Spread (Stable) ±0.0207

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0442 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0442

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.9818) against the same month in 2010 (average: 0.9430), the exchange rate shifted by +0.0388 (+4.11%).

2011 Avg (January) 0.9818

2010 Avg (January) 0.9430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0139	0.9577	0.9818
February	0.9725	0.9518	0.9620
March	0.9540	0.9103	0.9386
April	0.9152	0.8694	0.8944
May	0.9233	0.8677	0.9010
June	0.9186	0.8832	0.8994
July	0.9251	0.8927	0.9058
August	0.9149	0.8930	0.9025
September	0.9482	0.9057	0.9251
October	0.9358	0.8806	0.9050
November	0.9273	0.8729	0.9078
December	0.9145	0.8813	0.9027