2011 ZAR to MKD Historical Review

YEARLY HIGH

6.9545 MKD

YEARLY LOW

5.3554 MKD

YEARLY AVERAGE

6.1038 MKD

2011 ZAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ZAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 6.9545. Conversely, the yearly low was recorded on November 23, dropping to 5.3554.

This high-to-low spread represents a total annual volatility of 1.5991 MKD. From a start-to-finish perspective, comparing the January average rate of 6.6342 to the December average rate of 5.6943, the exchange rate registered a net change of -14.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 6.9545 was down 0.68% compared to the 2010 peak of 7.0024, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 347,727 MKD

2010 Average 316,942 MKD

Yearly Trough Low 267,772 MKD

Transaction Impact: A difference of 79,955.30 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

6.7414

5.4549

JanuMarcMayJulySeptNove

ZAR 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 6.3450, compared to 5.8627 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4823 points.

H1 Avg (Jan–Jun) 6.3450

H2 Avg (Jul–Dec) 5.8627

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.7169 MKD (High: 6.9545 / Low: 6.2376). On the other end, June was the most stable month, with a tight range of 0.1314 MKD (High: 6.3538 / Low: 6.2224).

January Spread (Volatile) ±0.7169

June Spread (Stable) ±0.1314

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3736 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3736

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 6.6342) against the same month in 2010 (average: 5.7624), the exchange rate shifted by +0.8718 (+15.13%).

2011 Avg (January) 6.6342

2010 Avg (January) 5.7624

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.9545	6.2376	6.6342
February	6.3763	6.1657	6.2606
March	6.4462	6.1850	6.3426
April	6.4517	6.2014	6.3175
May	6.3317	6.1555	6.2333
June	6.3538	6.2224	6.2818
July	6.4412	6.2301	6.3381
August	6.4108	5.8786	6.0409
September	6.1348	5.4662	5.9132
October	5.7773	5.4574	5.6276
November	5.7198	5.3554	5.5621
December	5.8754	5.5954	5.6943