2010 TOP to MKD Historical Review

YEARLY HIGH

25.9278 MKD

YEARLY LOW

22.0473 MKD

YEARLY AVERAGE

24.0549 MKD

2010 TOP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the TOP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 25.9278. Conversely, the yearly low was recorded on January 4, dropping to 22.0473.

This high-to-low spread represents a total annual volatility of 3.8804 MKD. From a start-to-finish perspective, comparing the January average rate of 22.6320 to the December average rate of 24.7908, the exchange rate registered a net change of 9.54% (reflecting a strengthening trend).

Transfer Payout Power Comparison

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

Yearly Peak High 129,639 MKD

Yearly Average 120,274 MKD

Yearly Trough Low 110,237 MKD

Transaction Impact: A difference of 19,402.19 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

25.7430

22.3492

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 23.8657, compared to 24.2441 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3784 points.

H1 Avg (Jan–Jun) 23.8657

H2 Avg (Jul–Dec) 24.2441

Volatility Range Comparison

Volatility

The most volatile month in 2010 was November, with a trading range of 2.3998 MKD (High: 25.2316 / Low: 22.8319). On the other end, April was the most stable month, with a tight range of 0.3181 MKD (High: 23.9382 / Low: 23.6202).

November Spread (Volatile) ±2.3998

April Spread (Stable) ±0.3181

Growth Streaks & Declines

Trends

Between January and June, 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 September and October, when the average rate fell by 0.9701 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.9701

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for June 2010 is 25.4602.

2010 Avg (June) 25.4602

Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.2278	22.0473	22.6320
February	23.7815	22.6858	23.2778
March	24.3470	23.1511	23.5504
April	23.9382	23.6202	23.7460
May	25.4773	23.8002	24.5276
June	25.9278	25.0092	25.4602
July	25.3377	24.0746	24.5957
August	24.8756	24.1913	24.5750
September	24.7241	23.4447	24.1872
October	23.5515	22.8424	23.2170
November	25.2316	22.8319	24.0989
December	25.2401	24.2143	24.7908