2011 BND to MAD Historical Review

YEARLY HIGH

6.6620 MAD

YEARLY LOW

6.2159 MAD

YEARLY AVERAGE

6.4399 MAD

2011 BND to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BND to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 12, valuing the pair at 6.6620. Conversely, the yearly low was recorded on April 12, dropping to 6.2159.

This high-to-low spread represents a total annual volatility of 0.4460 MAD. From a start-to-finish perspective, comparing the January average rate of 6.4928 to the December average rate of 6.5350, the exchange rate registered a net change of 0.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 6.6620 was up 2.18% compared to the 2010 peak of 6.5196, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,310 MAD

2010 Average 30,901 MAD

Yearly Trough Low 31,080 MAD

Transaction Impact: A difference of 2,230.23 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

6.5977

6.2574

JanuMarcMayJulySeptNove

BND to MAD 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 6.3859, compared to 6.4939 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1080 points.

H1 Avg (Jan–Jun) 6.3859

H2 Avg (Jul–Dec) 6.4939

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.2489 MAD (High: 6.6297 / Low: 6.3808). On the other end, February was the most stable month, with a tight range of 0.1059 MAD (High: 6.4866 / Low: 6.3807).

January Spread (Volatile) ±0.2489

February Spread (Stable) ±0.1059

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 September and October, when the average rate fell by 0.1547 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1547

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 6.5693) against the same month in 2010 (average: 6.3799), the exchange rate shifted by +0.1894 (+2.97%).

2011 Avg (September) 6.5693

2010 Avg (September) 6.3799

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.6297	6.3808	6.4928
February	6.4866	6.3807	6.4430
March	6.4208	6.2471	6.3438
April	6.3472	6.2159	6.2858
May	6.4616	6.2353	6.3738
June	6.4691	6.2949	6.3762
July	6.5919	6.3692	6.5080
August	6.6210	6.4852	6.5279
September	6.6620	6.4608	6.5693
October	6.5659	6.3416	6.4146
November	6.5042	6.3641	6.4085
December	6.6233	6.4448	6.5350