2011 ILS to MAD Historical Review

YEARLY HIGH

2.4197 MAD

YEARLY LOW

2.1753 MAD

YEARLY AVERAGE

2.2628 MAD

2011 ILS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ILS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 2.4197. Conversely, the yearly low was recorded on August 25, dropping to 2.1753.

This high-to-low spread represents a total annual volatility of 0.2444 MAD. From a start-to-finish perspective, comparing the January average rate of 2.3302 to the December average rate of 2.2414, the exchange rate registered a net change of -3.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.4197 was up 1.92% compared to the 2010 peak of 2.3740, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,098 MAD

2010 Average 11,277 MAD

Yearly Trough Low 10,876 MAD

Transaction Impact: A difference of 1,221.82 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.3417

2.2032

JanuMarcMayJulySeptNove

ILS 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 2.2839, compared to 2.2416 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0422 points.

H1 Avg (Jan–Jun) 2.2839

H2 Avg (Jul–Dec) 2.2416

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.2144 MAD (High: 2.4197 / Low: 2.2052). On the other end, June was the most stable month, with a tight range of 0.0254 MAD (High: 2.3163 / Low: 2.2909).

January Spread (Volatile) ±0.2144

June Spread (Stable) ±0.0254

Growth Streaks & Declines

Trends

Between February and April, 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 July and August, when the average rate fell by 0.0927 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0927

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 2.3302) against the same month in 2010 (average: 2.1287), the exchange rate shifted by +0.2015 (+9.47%).

2011 Avg (January) 2.3302

2010 Avg (January) 2.1287

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4197	2.2052	2.3302
February	2.2942	2.2094	2.2467
March	2.2866	2.2277	2.2578
April	2.3038	2.2590	2.2857
May	2.2974	2.2474	2.2768
June	2.3163	2.2909	2.3060
July	2.3351	2.3001	2.3178
August	2.3048	2.1753	2.2250
September	2.2438	2.1773	2.2148
October	2.2629	2.2144	2.2326
November	2.2381	2.2069	2.2183
December	2.2581	2.2182	2.2414