2011 JOD to MAD Historical Review

YEARLY HIGH

12.1409 MAD

YEARLY LOW

10.7906 MAD

YEARLY AVERAGE

11.4186 MAD

2011 JOD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the JOD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 12.1409. Conversely, the yearly low was recorded on May 4, dropping to 10.7906.

This high-to-low spread represents a total annual volatility of 1.3503 MAD. From a start-to-finish perspective, comparing the January average rate of 11.7983 to the December average rate of 11.9306, the exchange rate registered a net change of 1.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 12.1409 was down 6.16% compared to the 2010 peak of 12.9374, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 60,705 MAD

2010 Average 59,439 MAD

Yearly Trough Low 53,953 MAD

Transaction Impact: A difference of 6,751.42 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

12.0176

10.9745

JanuMarcMayJulySeptNove

JOD 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 11.3430, compared to 11.4941 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1511 points.

H1 Avg (Jan–Jun) 11.3430

H2 Avg (Jul–Dec) 11.4941

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.6824 MAD (High: 11.9261 / Low: 11.2438). On the other end, August was the most stable month, with a tight range of 0.2301 MAD (High: 11.2647 / Low: 11.0346).

October Spread (Volatile) ±0.6824

August Spread (Stable) ±0.2301

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.2947 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2947

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 11.7983) against the same month in 2010 (average: 11.1737), the exchange rate shifted by +0.6245 (+5.59%).

2011 Avg (January) 11.7983

2010 Avg (January) 11.1737

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.1409	11.5443	11.7983
February	11.7385	11.4752	11.6055
March	11.5278	11.2189	11.3562
April	11.2605	10.8106	11.0614
May	11.3505	10.7906	11.1300
June	11.3086	10.9348	11.1070
July	11.3935	11.0249	11.1722
August	11.2647	11.0346	11.1422
September	11.7684	11.1804	11.5214
October	11.9261	11.2438	11.5422
November	11.8921	11.4755	11.6563
December	12.1157	11.7031	11.9306