2011 AZN to MOP Historical Review

YEARLY HIGH

10.2701 MOP

YEARLY LOW

10.0410 MOP

YEARLY AVERAGE

10.1610 MOP

2011 AZN to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AZN to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 10.2701. Conversely, the yearly low was recorded on January 4, dropping to 10.0410.

This high-to-low spread represents a total annual volatility of 0.2291 MOP. From a start-to-finish perspective, comparing the January average rate of 10.0545 to the December average rate of 10.1914, the exchange rate registered a net change of 1.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 10.2701 was up 1.86% compared to the 2010 peak of 10.0823, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 51,351 MOP

2010 Average 49,685 MOP

Yearly Trough Low 50,205 MOP

Transaction Impact: A difference of 1,145.28 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

10.2341

10.0382

JanuMarcMayJulySeptNove

AZN to MOP 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 10.1155, compared to 10.2065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0910 points.

H1 Avg (Jan–Jun) 10.1155

H2 Avg (Jul–Dec) 10.2065

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.1120 MOP (High: 10.2701 / Low: 10.1581). On the other end, March was the most stable month, with a tight range of 0.0165 MOP (High: 10.1211 / Low: 10.1046).

August Spread (Volatile) ±0.1120

March Spread (Stable) ±0.0165

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0125 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0125

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 10.2178) against the same month in 2010 (average: 9.9644), the exchange rate shifted by +0.2533 (+2.54%).

2011 Avg (August) 10.2178

2010 Avg (August) 9.9644

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.0775	10.0410	10.0545
February	10.1057	10.0724	10.0885
March	10.1211	10.1046	10.1141
April	10.1356	10.1041	10.1178
May	10.1607	10.1115	10.1366
June	10.2010	10.1569	10.1816
July	10.2224	10.1926	10.2066
August	10.2701	10.1581	10.2178
September	10.2270	10.2032	10.2152
October	10.2097	10.1932	10.2040
November	10.2229	10.1869	10.2039
December	10.2004	10.1767	10.1914