2011 MAD to HRK Historical Review

YEARLY HIGH

0.6800 HRK

YEARLY LOW

0.6458 HRK

YEARLY AVERAGE

0.6607 HRK

2011 MAD to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.6800. Conversely, the yearly low was recorded on April 20, dropping to 0.6458.

This high-to-low spread represents a total annual volatility of 0.0342 HRK. From a start-to-finish perspective, comparing the January average rate of 0.6624 to the December average rate of 0.6737, the exchange rate registered a net change of 1.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6800 was up 1.83% compared to the 2010 peak of 0.6678, 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 3,400 HRK

2010 Average 3,267 HRK

Yearly Trough Low 3,229 HRK

Transaction Impact: A difference of 171.12 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6761

0.6474

JanuMarcMayJulySeptNove

MAD to HRK 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 0.6562, compared to 0.6651 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0089 points.

H1 Avg (Jan–Jun) 0.6562

H2 Avg (Jul–Dec) 0.6651

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.0131 HRK (High: 0.6596 / Low: 0.6465). On the other end, August was the most stable month, with a tight range of 0.0032 HRK (High: 0.6608 / Low: 0.6576).

May Spread (Volatile) ±0.0131

August Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0061 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.6737) against the same month in 2010 (average: 0.6630), the exchange rate shifted by +0.0107 (+1.62%).

2011 Avg (December) 0.6737

2010 Avg (December) 0.6630

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6665	0.6596	0.6624
February	0.6626	0.6585	0.6607
March	0.6608	0.6513	0.6559
April	0.6529	0.6458	0.6498
May	0.6596	0.6465	0.6545
June	0.6583	0.6507	0.6540
July	0.6607	0.6514	0.6567
August	0.6608	0.6576	0.6593
September	0.6690	0.6606	0.6662
October	0.6720	0.6629	0.6664
November	0.6714	0.6640	0.6684
December	0.6800	0.6689	0.6737