2011 ETB to MAD Historical Review

YEARLY HIGH

0.6763 MAD

YEARLY LOW

0.4545 MAD

YEARLY AVERAGE

0.5174 MAD

2011 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.6763. Conversely, the yearly low was recorded on May 4, dropping to 0.4545.

This high-to-low spread represents a total annual volatility of 0.2218 MAD. From a start-to-finish perspective, comparing the January average rate of 0.6569 to the December average rate of 0.4907, the exchange rate registered a net change of -25.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6763 was down 17.48% compared to the 2010 peak of 0.8195, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,381 MAD

2010 Average 3,640 MAD

Yearly Trough Low 2,272 MAD

Transaction Impact: A difference of 1,109.09 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6763

0.4437

JanuMarcMayJulySeptNove

ETB 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 0.5587, compared to 0.4762 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0825 points.

H1 Avg (Jan–Jun) 0.5587

H2 Avg (Jul–Dec) 0.4762

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.1687 MAD (High: 0.6239 / Low: 0.4552). On the other end, August was the most stable month, with a tight range of 0.0103 MAD (High: 0.4686 / Low: 0.4584).

April Spread (Volatile) ±0.1687

August Spread (Stable) ±0.0103

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 0.1430 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1430

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.6569) against the same month in 2010 (average: 0.7348), the exchange rate shifted by -0.0779 (-10.60%).

2011 Avg (January) 0.6569

2010 Avg (January) 0.7348

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6763	0.6419	0.6569
February	0.6521	0.6369	0.6448
March	0.6390	0.6215	0.6295
April	0.6239	0.4552	0.4864
May	0.4764	0.4545	0.4686
June	0.4740	0.4591	0.4658
July	0.4760	0.4588	0.4661
August	0.4686	0.4584	0.4631
September	0.4873	0.4643	0.4776
October	0.4940	0.4657	0.4781
November	0.4905	0.4753	0.4814
December	0.4979	0.4821	0.4907