2011 MAD to NAD Historical Review

YEARLY HIGH

1.0172 NAD

YEARLY LOW

0.7893 NAD

YEARLY AVERAGE

0.8959 NAD

2011 MAD to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 1.0172. Conversely, the yearly low was recorded on January 3, dropping to 0.7893.

This high-to-low spread represents a total annual volatility of 0.2279 NAD. From a start-to-finish perspective, comparing the January average rate of 0.8292 to the December average rate of 0.9670, the exchange rate registered a net change of 16.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.0172 was up 6.38% compared to the 2010 peak of 0.9562, 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 5,086 NAD

2010 Average 4,345 NAD

Yearly Trough Low 3,947 NAD

Transaction Impact: A difference of 1,139.42 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.0023

0.8135

JanuMarcMayJulySeptNove

MAD to NAD 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 0.8592, compared to 0.9326 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0734 points.

H1 Avg (Jan–Jun) 0.8592

H2 Avg (Jul–Dec) 0.9326

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0863 NAD (High: 0.8757 / Low: 0.7893). On the other end, June was the most stable month, with a tight range of 0.0190 NAD (High: 0.8718 / Low: 0.8528).

January Spread (Volatile) ±0.0863

June Spread (Stable) ±0.0190

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0196 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0196

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.9866) against the same month in 2010 (average: 0.8509), the exchange rate shifted by +0.1357 (+15.94%).

2011 Avg (November) 0.9866

2010 Avg (November) 0.8509

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8757	0.7893	0.8292
February	0.8850	0.8559	0.8746
March	0.8841	0.8454	0.8597
April	0.8740	0.8429	0.8588
May	0.8863	0.8550	0.8703
June	0.8718	0.8528	0.8629
July	0.8710	0.8447	0.8568
August	0.9207	0.8454	0.8976
September	0.9648	0.8809	0.9132
October	1.0053	0.9338	0.9744
November	1.0172	0.9625	0.9866
December	0.9813	0.9414	0.9670