2011 DJF to MAD Historical Review

YEARLY HIGH

0.0484 MAD

YEARLY LOW

0.0430 MAD

YEARLY AVERAGE

0.0455 MAD

2011 DJF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the DJF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.0484. Conversely, the yearly low was recorded on May 4, dropping to 0.0430.

This high-to-low spread represents a total annual volatility of 0.0054 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0470 to the December average rate of 0.0475, the exchange rate registered a net change of 1.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0484 was down 6.16% compared to the 2010 peak of 0.0516, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 242 MAD

2010 Average 237 MAD

Yearly Trough Low 215 MAD

Transaction Impact: A difference of 26.96 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0478

0.0438

JanuMarcMayJulySeptNove

DJF 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 0.0452, compared to 0.0458 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0452

H2 Avg (Jul–Dec) 0.0458

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0027 MAD (High: 0.0476 / Low: 0.0449). On the other end, August was the most stable month, with a tight range of 0.0009 MAD (High: 0.0449 / Low: 0.0440).

October Spread (Volatile) ±0.0027

August Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0012 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0470) against the same month in 2010 (average: 0.0445), the exchange rate shifted by +0.0025 (+5.63%).

2011 Avg (January) 0.0470

2010 Avg (January) 0.0445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0484	0.0460	0.0470
February	0.0468	0.0458	0.0463
March	0.0459	0.0447	0.0453
April	0.0449	0.0431	0.0441
May	0.0453	0.0430	0.0444
June	0.0451	0.0436	0.0443
July	0.0454	0.0440	0.0446
August	0.0449	0.0440	0.0444
September	0.0469	0.0446	0.0459
October	0.0476	0.0449	0.0461
November	0.0475	0.0458	0.0465
December	0.0482	0.0467	0.0475