2011 CLP to MAD Historical Review

YEARLY HIGH

0.0180 MAD

YEARLY LOW

0.0158 MAD

YEARLY AVERAGE

0.0168 MAD

2011 CLP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CLP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0180. Conversely, the yearly low was recorded on October 23, dropping to 0.0158.

This high-to-low spread represents a total annual volatility of 0.0022 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0171 to the December average rate of 0.0164, the exchange rate registered a net change of -4.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0180 was down 1.06% compared to the 2010 peak of 0.0182, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 17,960 MAD

2010 Average 16,515 MAD

Yearly Trough Low 15,786 MAD

Transaction Impact: A difference of 2,174.12 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0174

0.0160

JanuMarcMayJulySeptNove

CLP 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 0.0169, compared to 0.0166 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0169

H2 Avg (Jul–Dec) 0.0166

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0015 MAD (High: 0.0175 / Low: 0.0159). On the other end, April was the most stable month, with a tight range of 0.0003 MAD (High: 0.0168 / Low: 0.0165).

September Spread (Volatile) ±0.0015

April Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between October and December, 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 September and October, when the average rate fell by 0.0008 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0171) against the same month in 2010 (average: 0.0158), the exchange rate shifted by +0.0013 (+8.55%).

2011 Avg (January) 0.0171

2010 Avg (January) 0.0158

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0180	0.0167	0.0171
February	0.0177	0.0169	0.0173
March	0.0171	0.0165	0.0168
April	0.0168	0.0165	0.0167
May	0.0170	0.0165	0.0169
June	0.0171	0.0166	0.0168
July	0.0174	0.0167	0.0171
August	0.0174	0.0166	0.0169
September	0.0175	0.0159	0.0168
October	0.0164	0.0158	0.0161
November	0.0168	0.0160	0.0163
December	0.0165	0.0161	0.0164