2012 MAD to ETB Historical Review

YEARLY HIGH

2.1722 ETB

YEARLY LOW

1.9754 ETB

YEARLY AVERAGE

2.0580 ETB

2012 MAD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MAD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 2.1722. Conversely, the yearly low was recorded on July 24, dropping to 1.9754.

This high-to-low spread represents a total annual volatility of 0.1968 ETB. From a start-to-finish perspective, comparing the January average rate of 2.0093 to the December average rate of 2.1469, the exchange rate registered a net change of 6.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.1722 was down 1.28% compared to the 2011 peak of 2.2003, 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 10,861 ETB

2011 Average 9,855 ETB

Yearly Trough Low 9,877 ETB

Transaction Impact: A difference of 983.94 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.1619

1.9822

JanuMarcMayJulySeptNove

MAD to ETB 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 2.0391, compared to 2.0769 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0378 points.

H1 Avg (Jan–Jun) 2.0391

H2 Avg (Jul–Dec) 2.0769

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0918 ETB (High: 2.0764 / Low: 1.9846). On the other end, October was the most stable month, with a tight range of 0.0358 ETB (High: 2.1316 / Low: 2.0958).

May Spread (Volatile) ±0.0918

October Spread (Stable) ±0.0358

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 April and May, when the average rate fell by 0.0309 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0309

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 2.1469) against the same month in 2011 (average: 2.0382), the exchange rate shifted by +0.1087 (+5.33%).

2012 Avg (December) 2.1469

2011 Avg (December) 2.0382

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0491	1.9786	2.0093
February	2.0902	2.0298	2.0585
March	2.0815	2.0387	2.0642
April	2.0803	2.0435	2.0623
May	2.0764	1.9846	2.0314
June	2.0329	1.9787	2.0088
July	2.0287	1.9754	1.9971
August	2.0512	1.9963	2.0197
September	2.1212	2.0430	2.0875
October	2.1316	2.0958	2.1110
November	2.1261	2.0825	2.0992
December	2.1722	2.1185	2.1469