2011 LSL to MAD Historical Review

YEARLY HIGH

1.2736 MAD

YEARLY LOW

0.9800 MAD

YEARLY AVERAGE

1.1221 MAD

2011 LSL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the LSL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 1.2736. Conversely, the yearly low was recorded on November 23, dropping to 0.9800.

This high-to-low spread represents a total annual volatility of 0.2935 MAD. From a start-to-finish perspective, comparing the January average rate of 1.2115 to the December average rate of 1.0342, the exchange rate registered a net change of -14.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2736 was up 0.57% compared to the 2010 peak of 1.2663, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,368 MAD

2010 Average 5,758 MAD

Yearly Trough Low 4,900 MAD

Transaction Impact: A difference of 1,467.72 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2311

0.9960

JanuMarcMayJulySeptNove

LSL 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 1.1660, compared to 1.0782 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0878 points.

H1 Avg (Jan–Jun) 1.1660

H2 Avg (Jul–Dec) 1.0782

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.1319 MAD (High: 1.2736 / Low: 1.1416). On the other end, June was the most stable month, with a tight range of 0.0262 MAD (High: 1.1733 / Low: 1.1471).

January Spread (Volatile) ±0.1319

June Spread (Stable) ±0.0262

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 January and February, when the average rate fell by 0.0673 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0673

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.2115) against the same month in 2010 (average: 1.0621), the exchange rate shifted by +0.1494 (+14.06%).

2011 Avg (January) 1.2115

2010 Avg (January) 1.0621

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2736	1.1416	1.2115
February	1.1666	1.1336	1.1442
March	1.1837	1.1349	1.1629
April	1.1873	1.1419	1.1635
May	1.1738	1.1308	1.1529
June	1.1733	1.1471	1.1614
July	1.1879	1.1529	1.1669
August	1.1820	1.0885	1.1163
September	1.1351	1.0504	1.1003
October	1.0792	1.0026	1.0361
November	1.0421	0.9800	1.0156
December	1.0621	1.0186	1.0342