2011 MAD to KES Historical Review

YEARLY HIGH

12.8943 KES

YEARLY LOW

9.4425 KES

YEARLY AVERAGE

10.9676 KES

2011 MAD to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on October 11, valuing the pair at 12.8943. Conversely, the yearly low was recorded on January 10, dropping to 9.4425.

This high-to-low spread represents a total annual volatility of 3.4517 KES. From a start-to-finish perspective, comparing the January average rate of 9.6869 to the December average rate of 10.2166, the exchange rate registered a net change of 5.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 12.8943 was up 27.61% compared to the 2010 peak of 10.1047, 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 64,471 KES

2010 Average 47,068 KES

Yearly Trough Low 47,213 KES

Transaction Impact: A difference of 17,258.68 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

12.6035

9.4217

JanuMarcMayJulySeptNove

MAD to KES 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 10.4794, compared to 11.4558 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9764 points.

H1 Avg (Jan–Jun) 10.4794

H2 Avg (Jul–Dec) 11.4558

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 1.3041 KES (High: 11.9519 / Low: 10.6478). On the other end, May was the most stable month, with a tight range of 0.2402 KES (High: 10.9332 / Low: 10.6930).

November Spread (Volatile) ±1.3041

May Spread (Stable) ±0.2402

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.0660 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -1.0660

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 12.3384) against the same month in 2010 (average: 9.9671), the exchange rate shifted by +2.3713 (+23.79%).

2011 Avg (October) 12.3384

2010 Avg (October) 9.9671

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.9170	9.4425	9.6869
February	10.1271	9.7696	9.9121
March	10.6610	10.1797	10.4750
April	10.8773	10.4272	10.6917
May	10.9332	10.6930	10.8128
June	11.6028	10.9273	11.2981
July	11.5416	11.1467	11.3545
August	11.9824	11.4589	11.7630
September	12.4612	11.4922	11.7902
October	12.8943	12.0696	12.3384
November	11.9519	10.6478	11.2724
December	10.7983	9.7945	10.2166