2011 MAD to BGN Historical Review

YEARLY HIGH

0.1766 BGN

YEARLY LOW

0.1712 BGN

YEARLY AVERAGE

0.1738 BGN

2011 MAD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.1766. Conversely, the yearly low was recorded on May 5, dropping to 0.1712.

This high-to-low spread represents a total annual volatility of 0.0054 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1751 to the December average rate of 0.1755, the exchange rate registered a net change of 0.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1766 was down 1.10% compared to the 2010 peak of 0.1786, 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 883 BGN

2010 Average 877 BGN

Yearly Trough Low 856 BGN

Transaction Impact: A difference of 26.90 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1757

0.1723

JanuMarcMayJulySeptNove

MAD to BGN 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 0.1735, compared to 0.1740 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.1735

H2 Avg (Jul–Dec) 0.1740

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0031 BGN (High: 0.1765 / Low: 0.1734). On the other end, June was the most stable month, with a tight range of 0.0011 BGN (High: 0.1732 / Low: 0.1721).

January Spread (Volatile) ±0.0031

June Spread (Stable) ±0.0011

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 0.0010 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.1755) against the same month in 2010 (average: 0.1755), the exchange rate shifted by -0.0000 (-0.01%).

2011 Avg (December) 0.1755

2010 Avg (December) 0.1755

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1765	0.1734	0.1751
February	0.1749	0.1737	0.1743
March	0.1742	0.1727	0.1736
April	0.1733	0.1716	0.1726
May	0.1736	0.1712	0.1727
June	0.1732	0.1721	0.1727
July	0.1738	0.1723	0.1730
August	0.1736	0.1723	0.1728
September	0.1750	0.1727	0.1738
October	0.1755	0.1730	0.1742
November	0.1757	0.1736	0.1746
December	0.1766	0.1740	0.1755