2011 MAD to CDF Historical Review

YEARLY HIGH

119.6414 CDF

YEARLY LOW

105.1030 CDF

YEARLY AVERAGE

112.6952 CDF

2011 MAD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 119.6414. Conversely, the yearly low was recorded on December 14, dropping to 105.1030.

This high-to-low spread represents a total annual volatility of 14.5384 CDF. From a start-to-finish perspective, comparing the January average rate of 108.4726 to the December average rate of 106.8844, the exchange rate registered a net change of -1.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 119.6414 was up 4.31% compared to the 2010 peak of 114.6936, 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 598,207 CDF

2010 Average 532,361 CDF

Yearly Trough Low 525,515 CDF

Transaction Impact: A difference of 72,691.80 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

117.1795

105.9485

JanuMarcMayJulySeptNove

MAD to CDF 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 113.4304, compared to 111.9600 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4704 points.

H1 Avg (Jan–Jun) 113.4304

H2 Avg (Jul–Dec) 111.9600

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 6.4922 CDF (High: 114.8052 / Low: 108.3131). On the other end, March was the most stable month, with a tight range of 2.4824 CDF (High: 114.5307 / Low: 112.0483).

October Spread (Volatile) ±6.4922

March Spread (Stable) ±2.4824

Growth Streaks & Declines

Trends

Between January and April, 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 November and December, when the average rate fell by 3.2304 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.2304

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 115.7849) against the same month in 2010 (average: 102.6004), the exchange rate shifted by +13.1845 (+12.85%).

2011 Avg (May) 115.7849

2010 Avg (May) 102.6004

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	111.4139	105.5340	108.4726
February	112.5047	109.9895	111.2984
March	114.5307	112.0483	113.4681
April	118.7079	113.6695	116.2436
May	119.6414	113.2569	115.7849
June	117.3456	113.2441	115.3147
July	117.1720	112.3737	115.1908
August	117.0692	113.6443	115.4225
September	115.9048	109.5988	112.1954
October	114.8052	108.3131	111.9519
November	112.1762	107.2556	110.1148
December	108.9890	105.1030	106.8844