2011 TND to MKD Historical Review

YEARLY HIGH

32.4261 MKD

YEARLY LOW

30.6685 MKD

YEARLY AVERAGE

31.3649 MKD

2011 TND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 32.4261. Conversely, the yearly low was recorded on May 1, dropping to 30.6685.

This high-to-low spread represents a total annual volatility of 1.7577 MKD. From a start-to-finish perspective, comparing the January average rate of 31.9993 to the December average rate of 31.4237, the exchange rate registered a net change of -1.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 32.4261 was down 3.30% compared to the 2010 peak of 33.5332, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 162,131 MKD

2010 Average 161,798 MKD

Yearly Trough Low 153,342 MKD

Transaction Impact: A difference of 8,788.30 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

32.0984

30.9086

JanuMarcMayJulySeptNove

TND 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 31.3891, compared to 31.3406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0485 points.

H1 Avg (Jan–Jun) 31.3891

H2 Avg (Jul–Dec) 31.3406

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.9907 MKD (High: 32.0243 / Low: 31.0336). On the other end, February was the most stable month, with a tight range of 0.3850 MKD (High: 31.9317 / Low: 31.5467).

October Spread (Volatile) ±0.9907

February Spread (Stable) ±0.3850

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 0.4412 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4412

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 31.9993) against the same month in 2010 (average: 32.4306), the exchange rate shifted by -0.4313 (-1.33%).

2011 Avg (January) 31.9993

2010 Avg (January) 32.4306

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.4261	31.5957	31.9993
February	31.9317	31.5467	31.7249
March	31.6745	31.2222	31.4490
April	31.3140	30.6685	31.0078
May	31.3273	30.6685	31.0352
June	31.5089	30.9200	31.1185
July	31.4531	30.9474	31.1897
August	31.4266	30.9870	31.1584
September	31.8300	31.1351	31.4911
October	32.0243	31.0336	31.4995
November	31.5421	31.0648	31.2812
December	31.7651	31.0346	31.4237