2011 MAD to BRL Historical Review

YEARLY HIGH

0.2266 BRL

YEARLY LOW

0.1955 BRL

YEARLY AVERAGE

0.2066 BRL

2011 MAD to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 0.2266. Conversely, the yearly low was recorded on July 12, dropping to 0.1955.

This high-to-low spread represents a total annual volatility of 0.0311 BRL. From a start-to-finish perspective, comparing the January average rate of 0.2005 to the December average rate of 0.2169, the exchange rate registered a net change of 8.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.2266 was down 2.17% compared to the 2010 peak of 0.2316, 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 1,133 BRL

2010 Average 1,046 BRL

Yearly Trough Low 978 BRL

Transaction Impact: A difference of 155.44 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.2188

0.1955

JanuMarcMayJulySeptNove

MAD to BRL 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 0.2029, compared to 0.2104 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0075 points.

H1 Avg (Jan–Jun) 0.2029

H2 Avg (Jul–Dec) 0.2104

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0246 BRL (High: 0.2266 / Low: 0.2020). On the other end, February was the most stable month, with a tight range of 0.0039 BRL (High: 0.2044 / Low: 0.2005).

September Spread (Volatile) ±0.0246

February Spread (Stable) ±0.0039

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0043 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.2128) against the same month in 2010 (average: 0.2018), the exchange rate shifted by +0.0110 (+5.45%).

2011 Avg (September) 0.2128

2010 Avg (September) 0.2018

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2047	0.1965	0.2005
February	0.2044	0.2005	0.2027
March	0.2098	0.2037	0.2061
April	0.2055	0.1996	0.2020
May	0.2097	0.2011	0.2044
June	0.2039	0.1994	0.2017
July	0.1996	0.1955	0.1974
August	0.2054	0.1970	0.2024
September	0.2266	0.2020	0.2128
October	0.2249	0.2104	0.2163
November	0.2246	0.2115	0.2163
December	0.2189	0.2140	0.2169