2011 GNF to MAD Historical Review

YEARLY HIGH

0.0013 MAD

YEARLY LOW

0.0011 MAD

YEARLY AVERAGE

0.0012 MAD

2011 GNF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GNF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0013. Conversely, the yearly low was recorded on March 3, dropping to 0.0011.

This high-to-low spread represents a total annual volatility of 0.0002 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0012 to the December average rate of 0.0012, the exchange rate registered a net change of 5.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0013 was down 30.37% compared to the 2010 peak of 0.0018, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6 MAD

2010 Average 8 MAD

Yearly Trough Low 5 MAD

Transaction Impact: A difference of 1.02 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0012

0.0011

JanuMarcMayJulySeptNove

GNF 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 0.0011, compared to 0.0012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0011

H2 Avg (Jul–Dec) 0.0012

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0002 MAD (High: 0.0012 / Low: 0.0011). On the other end, July was the most stable month, with a tight range of 0.0000 MAD (High: 0.0012 / Low: 0.0012).

January Spread (Volatile) ±0.0002

July Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between April and July, 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 January and February, when the average rate fell by 0.0000 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 0.0012) against the same month in 2010 (average: 0.0012), the exchange rate shifted by +0.0000 (+2.21%).

2011 Avg (October) 0.0012

2010 Avg (October) 0.0012

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0012	0.0011	0.0012
February	0.0011	0.0011	0.0011
March	0.0012	0.0011	0.0011
April	0.0011	0.0011	0.0011
May	0.0012	0.0011	0.0011
June	0.0012	0.0012	0.0012
July	0.0012	0.0012	0.0012
August	0.0012	0.0011	0.0012
September	0.0013	0.0012	0.0012
October	0.0013	0.0012	0.0012
November	0.0012	0.0012	0.0012
December	0.0013	0.0012	0.0012