2011 MAD to NGN Historical Review

YEARLY HIGH

20.2476 NGN

YEARLY LOW

17.7642 NGN

YEARLY AVERAGE

19.2671 NGN

2011 MAD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 20.2476. Conversely, the yearly low was recorded on January 10, dropping to 17.7642.

This high-to-low spread represents a total annual volatility of 2.4834 NGN. From a start-to-finish perspective, comparing the January average rate of 18.2565 to the December average rate of 19.1901, the exchange rate registered a net change of 5.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 20.2476 was up 4.36% compared to the 2010 peak of 19.4022, 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 101,238 NGN

2010 Average 89,825 NGN

Yearly Trough Low 88,821 NGN

Transaction Impact: A difference of 12,417.00 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

19.9458

18.1030

JanuMarcMayJulySeptNove

MAD to NGN 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 19.2371, compared to 19.2971 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0599 points.

H1 Avg (Jan–Jun) 19.2371

H2 Avg (Jul–Dec) 19.2971

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 1.3311 NGN (High: 20.0950 / Low: 18.7639). On the other end, February was the most stable month, with a tight range of 0.5000 NGN (High: 18.8507 / Low: 18.3506).

October Spread (Volatile) ±1.3311

February Spread (Stable) ±0.5000

Growth Streaks & Declines

Trends

Between January and May, 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 June and July, when the average rate fell by 0.5526 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5526

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 19.7923) against the same month in 2010 (average: 17.2700), the exchange rate shifted by +2.5223 (+14.61%).

2011 Avg (May) 19.7923

2010 Avg (May) 17.2700

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.5889	17.7642	18.2565
February	18.8507	18.3506	18.5927
March	19.5510	18.8799	19.2742
April	20.1751	19.3163	19.7247
May	20.2476	19.4540	19.7923
June	20.0458	19.4308	19.7824
July	19.4819	18.8001	19.2298
August	19.8609	18.9086	19.4560
September	19.5239	18.8567	19.1439
October	20.0950	18.7639	19.5496
November	19.5203	18.8868	19.2129
December	19.4261	18.8726	19.1901