2011 CDF to MRO Historical Review

YEARLY HIGH

0.3206 MRO

YEARLY LOW

0.2933 MRO

YEARLY AVERAGE

0.3069 MRO

2011 CDF to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CDF to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 0.3206. Conversely, the yearly low was recorded on May 15, dropping to 0.2933.

This high-to-low spread represents a total annual volatility of 0.0273 MRO. From a start-to-finish perspective, comparing the January average rate of 0.3091 to the December average rate of 0.3165, the exchange rate registered a net change of 2.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3206 was down 1.66% compared to the 2010 peak of 0.3260, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,603 MRO

2010 Average 1,530 MRO

Yearly Trough Low 1,467 MRO

Transaction Impact: A difference of 136.51 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3184

0.2954

JanuMarcMayJulySeptNove

CDF to MRO 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 0.3043, compared to 0.3095 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.3043

H2 Avg (Jul–Dec) 0.3095

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0154 MRO (High: 0.3119 / Low: 0.2965). On the other end, July was the most stable month, with a tight range of 0.0055 MRO (High: 0.3045 / Low: 0.2990).

April Spread (Volatile) ±0.0154

July Spread (Stable) ±0.0055

Growth Streaks & Declines

Trends

Between May and October, 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 March and April, when the average rate fell by 0.0073 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.3165) against the same month in 2010 (average: 0.3117), the exchange rate shifted by +0.0049 (+1.56%).

2011 Avg (December) 0.3165

2010 Avg (December) 0.3117

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3171	0.3034	0.3091
February	0.3145	0.3019	0.3080
March	0.3154	0.3040	0.3091
April	0.3119	0.2965	0.3018
May	0.3003	0.2933	0.2973
June	0.3047	0.2942	0.3006
July	0.3045	0.2990	0.3020
August	0.3107	0.3002	0.3050
September	0.3094	0.3034	0.3068
October	0.3187	0.3069	0.3137
November	0.3179	0.3073	0.3128
December	0.3206	0.3129	0.3165