2011 CRC to MAD Historical Review

YEARLY HIGH

0.0172 MAD

YEARLY LOW

0.0154 MAD

YEARLY AVERAGE

0.0161 MAD

2011 CRC to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CRC to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0172. Conversely, the yearly low was recorded on May 4, dropping to 0.0154.

This high-to-low spread represents a total annual volatility of 0.0018 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0166 to the December average rate of 0.0169, the exchange rate registered a net change of 1.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0172 was down 1.68% compared to the 2010 peak of 0.0175, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 86 MAD

2010 Average 80 MAD

Yearly Trough Low 77 MAD

Transaction Impact: A difference of 9.08 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0170

0.0155

JanuMarcMayJulySeptNove

CRC 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 0.0161, compared to 0.0162 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0161

H2 Avg (Jul–Dec) 0.0162

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 0.0010 MAD (High: 0.0169 / Low: 0.0160). On the other end, August was the most stable month, with a tight range of 0.0003 MAD (High: 0.0159 / Low: 0.0155).

November Spread (Volatile) ±0.0010

August 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 March and April, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.0169) against the same month in 2010 (average: 0.0168), the exchange rate shifted by +0.0001 (+0.42%).

2011 Avg (December) 0.0169

2010 Avg (December) 0.0168

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0170	0.0164	0.0166
February	0.0167	0.0163	0.0165
March	0.0164	0.0160	0.0162
April	0.0161	0.0154	0.0158
May	0.0163	0.0154	0.0159
June	0.0159	0.0154	0.0157
July	0.0161	0.0155	0.0158
August	0.0159	0.0155	0.0157
September	0.0165	0.0156	0.0161
October	0.0165	0.0157	0.0160
November	0.0169	0.0160	0.0164
December	0.0172	0.0166	0.0169