2011 GIP to MAD Historical Review

YEARLY HIGH

13.4039 MAD

YEARLY LOW

12.5119 MAD

YEARLY AVERAGE

12.9736 MAD

2011 GIP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GIP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 13.4039. Conversely, the yearly low was recorded on July 3, dropping to 12.5119.

This high-to-low spread represents a total annual volatility of 0.8919 MAD. From a start-to-finish perspective, comparing the January average rate of 13.1740 to the December average rate of 13.2152, the exchange rate registered a net change of 0.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 13.4039 was down 1.23% compared to the 2010 peak of 13.5703, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 67,019 MAD

2010 Average 65,026 MAD

Yearly Trough Low 62,560 MAD

Transaction Impact: A difference of 4,459.58 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

13.3062

12.7133

JanuMarcMayJulySeptNove

GIP 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 12.9866, compared to 12.9607 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0260 points.

H1 Avg (Jan–Jun) 12.9866

H2 Avg (Jul–Dec) 12.9607

Volatility Range Comparison

Volatility

The most volatile month in 2011 was March, with a trading range of 0.4616 MAD (High: 13.2453 / Low: 12.7837). On the other end, April was the most stable month, with a tight range of 0.2019 MAD (High: 12.9325 / Low: 12.7306).

March Spread (Volatile) ±0.4616

April Spread (Stable) ±0.2019

Growth Streaks & Declines

Trends

Between June and August, 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 February and March, when the average rate fell by 0.2639 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2639

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 13.2152) against the same month in 2010 (average: 13.1479), the exchange rate shifted by +0.0674 (+0.51%).

2011 Avg (December) 13.2152

2010 Avg (December) 13.1479

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.3841	12.9667	13.1740
February	13.3761	13.1340	13.2568
March	13.2453	12.7837	12.9929
April	12.9325	12.7306	12.8342
May	13.0679	12.6480	12.8993
June	12.9114	12.5473	12.7627
July	12.9354	12.5119	12.7703
August	13.0425	12.7671	12.9141
September	13.0477	12.8122	12.9045
October	13.0168	12.8122	12.8956
November	13.1618	12.9458	13.0642
December	13.4039	13.0356	13.2152