2011 MAD to ALL Historical Review

YEARLY HIGH

12.6762 ALL

YEARLY LOW

12.2065 ALL

YEARLY AVERAGE

12.4656 ALL

2011 MAD to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 12.6762. Conversely, the yearly low was recorded on December 5, dropping to 12.2065.

This high-to-low spread represents a total annual volatility of 0.4697 ALL. From a start-to-finish perspective, comparing the January average rate of 12.4243 to the December average rate of 12.4074, the exchange rate registered a net change of -0.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 12.6762 was up 0.89% compared to the 2010 peak of 12.5643, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 63,381 ALL

2010 Average 61,759 ALL

Yearly Trough Low 61,033 ALL

Transaction Impact: A difference of 2,348.62 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

12.5918

12.3412

JanuMarcMayJulySeptNove

MAD to ALL 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 12.4765, compared to 12.4546 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0219 points.

H1 Avg (Jan–Jun) 12.4765

H2 Avg (Jul–Dec) 12.4546

Volatility Range Comparison

Volatility

The most volatile month in 2011 was December, with a trading range of 0.2769 ALL (High: 12.4834 / Low: 12.2065). On the other end, March was the most stable month, with a tight range of 0.1221 ALL (High: 12.4906 / Low: 12.3685).

December Spread (Volatile) ±0.2769

March Spread (Stable) ±0.1221

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1658 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1658

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 12.5359) against the same month in 2010 (average: 12.3079), the exchange rate shifted by +0.2281 (+1.85%).

2011 Avg (October) 12.5359

2010 Avg (October) 12.3079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.5197	12.3765	12.4243
February	12.5356	12.3738	12.4361
March	12.4906	12.3685	12.4414
April	12.5446	12.4031	12.4938
May	12.6250	12.4178	12.5296
June	12.6520	12.4425	12.5339
July	12.4665	12.2550	12.3681
August	12.4312	12.2426	12.3621
September	12.6017	12.3797	12.4833
October	12.6762	12.4814	12.5359
November	12.6345	12.4777	12.5709
December	12.4834	12.2065	12.4074