2011 BTN to MAD Historical Review

YEARLY HIGH

0.1899 MAD

YEARLY LOW

0.1587 MAD

YEARLY AVERAGE

0.1739 MAD

2011 BTN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BTN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.1899. Conversely, the yearly low was recorded on November 22, dropping to 0.1587.

This high-to-low spread represents a total annual volatility of 0.0313 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1841 to the December average rate of 0.1613, the exchange rate registered a net change of -12.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1899 was down 2.98% compared to the 2010 peak of 0.1958, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 950 MAD

2010 Average 921 MAD

Yearly Trough Low 793 MAD

Transaction Impact: A difference of 156.29 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1864

0.1590

JanuMarcMayJulySeptNove

BTN 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 0.1787, compared to 0.1691 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0095 points.

H1 Avg (Jan–Jun) 0.1787

H2 Avg (Jul–Dec) 0.1691

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0117 MAD (High: 0.1899 / Low: 0.1783). On the other end, December was the most stable month, with a tight range of 0.0038 MAD (High: 0.1630 / Low: 0.1592).

January Spread (Volatile) ±0.0117

December Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0056 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.1841) against the same month in 2010 (average: 0.1721), the exchange rate shifted by +0.0120 (+6.98%).

2011 Avg (January) 0.1841

2010 Avg (January) 0.1721

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1899	0.1783	0.1841
February	0.1828	0.1785	0.1810
March	0.1809	0.1768	0.1790
April	0.1795	0.1732	0.1766
May	0.1779	0.1717	0.1757
June	0.1785	0.1734	0.1756
July	0.1807	0.1753	0.1784
August	0.1798	0.1701	0.1740
September	0.1751	0.1680	0.1718
October	0.1715	0.1606	0.1663
November	0.1671	0.1587	0.1630
December	0.1630	0.1592	0.1613