2011 HTG to MAD Historical Review

YEARLY HIGH

0.2138 MAD

YEARLY LOW

0.1872 MAD

YEARLY AVERAGE

0.1994 MAD

2011 HTG to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HTG to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.2138. Conversely, the yearly low was recorded on May 4, dropping to 0.1872.

This high-to-low spread represents a total annual volatility of 0.0266 MAD. From a start-to-finish perspective, comparing the January average rate of 0.2077 to the December average rate of 0.2092, the exchange rate registered a net change of 0.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.2138 was down 6.16% compared to the 2010 peak of 0.2279, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,069 MAD

2010 Average 1,049 MAD

Yearly Trough Low 936 MAD

Transaction Impact: A difference of 133.13 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.2109

0.1913

JanuMarcMayJulySeptNove

HTG 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 0.1979, compared to 0.2008 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.1979

H2 Avg (Jul–Dec) 0.2008

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0134 MAD (High: 0.2138 / Low: 0.2004). On the other end, February was the most stable month, with a tight range of 0.0042 MAD (High: 0.2036 / Low: 0.1994).

January Spread (Volatile) ±0.0134

February Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between October and December, 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 January and February, when the average rate fell by 0.0059 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.2077) against the same month in 2010 (average: 0.1969), the exchange rate shifted by +0.0107 (+5.45%).

2011 Avg (January) 0.2077

2010 Avg (January) 0.1969

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2138	0.2004	0.2077
February	0.2036	0.1994	0.2018
March	0.2002	0.1947	0.1978
April	0.1978	0.1888	0.1929
May	0.1994	0.1872	0.1938
June	0.1975	0.1911	0.1937
July	0.2001	0.1921	0.1952
August	0.1968	0.1922	0.1945
September	0.2053	0.1952	0.2011
October	0.2070	0.1953	0.2010
November	0.2090	0.1996	0.2038
December	0.2133	0.2049	0.2092