YEARLY HIGH
27.4673 MKD
YEARLY LOW
22.6572 MKD
YEARLY AVERAGE
25.1727 MKD

2011 TOP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 27.4673. Conversely, the yearly low was recorded on April 25, dropping to 22.6572.

This high-to-low spread represents a total annual volatility of 4.8101 MKD. From a start-to-finish perspective, comparing the January average rate of 24.6830 to the December average rate of 26.8369, the exchange rate registered a net change of 8.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 27.4673 was up 5.94% compared to the 2010 peak of 25.9278, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 137,336 MKD
2010 Average 120,289 MKD
Yearly Trough Low 113,286 MKD
Transaction Impact: A difference of 24,050.37 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

27.2015
22.8257
JanuMarcMayJulySeptNove

TOP 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 24.0817, compared to 26.2637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1820 points.

H1 Avg (Jan–Jun) 24.0817
H2 Avg (Jul–Dec) 26.2637

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 2.0756 MKD (High: 26.6670 / Low: 24.5914). On the other end, February was the most stable month, with a tight range of 0.7022 MKD (High: 24.6314 / Low: 23.9292).

July Spread (Volatile) ±2.0756
February Spread (Stable) ±0.7022

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.6287 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.6287

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 26.8369) against the same month in 2010 (average: 24.7908), the exchange rate shifted by +2.0461 (+8.25%).

2011 Avg (December) 26.8369
2010 Avg (December) 24.7908

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 25.4645 24.1134 24.6830
February 24.6314 23.9292 24.2586
March 24.1154 23.1745 23.6300
April 23.7607 22.6572 23.1904
May 24.8928 23.2326 24.2133
June 25.0136 24.0179 24.5152
July 26.6670 24.5914 25.5179
August 26.8184 25.6679 26.1459
September 26.8889 25.9543 26.4943
October 27.0476 25.5417 26.0942
November 27.0200 25.8064 26.4929
December 27.4673 26.2543 26.8369