2011 GIP to MOP Historical Review

YEARLY HIGH

13.3473 MOP

YEARLY LOW

12.2866 MOP

YEARLY AVERAGE

12.8580 MOP

2011 GIP to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GIP to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 13.3473. Conversely, the yearly low was recorded on October 6, dropping to 12.2866.

This high-to-low spread represents a total annual volatility of 1.0607 MOP. From a start-to-finish perspective, comparing the January average rate of 12.6289 to the December average rate of 12.5073, the exchange rate registered a net change of -0.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 13.3473 was up 2.08% compared to the 2010 peak of 13.0760, 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 66,736 MOP

2010 Average 61,873 MOP

Yearly Trough Low 61,433 MOP

Transaction Impact: A difference of 5,303.74 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

13.1970

12.4446

JanuMarcMayJulySeptNove

GIP to MOP 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 12.9507, compared to 12.7654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1853 points.

H1 Avg (Jan–Jun) 12.9507

H2 Avg (Jul–Dec) 12.7654

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.6383 MOP (High: 13.0078 / Low: 12.3695). On the other end, February was the most stable month, with a tight range of 0.1922 MOP (High: 13.0180 / Low: 12.8257).

September Spread (Volatile) ±0.6383

February Spread (Stable) ±0.1922

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4418 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4418

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 13.0954) against the same month in 2010 (average: 11.7632), the exchange rate shifted by +1.3322 (+11.33%).

2011 Avg (May) 13.0954

2010 Avg (May) 11.7632

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.8313	12.3828	12.6289
February	13.0180	12.8257	12.9240
March	13.1339	12.8004	12.9480
April	13.3380	12.8545	13.1090
May	13.3473	12.9119	13.0954
June	13.1692	12.7924	12.9987
July	13.1586	12.7112	12.9404
August	13.2881	12.9795	13.1343
September	13.0078	12.3695	12.6926
October	12.9100	12.2866	12.6434
November	12.8656	12.3925	12.6743
December	12.5918	12.3442	12.5073