2011 MAD to RON Historical Review

YEARLY HIGH

0.3912 RON

YEARLY LOW

0.3580 RON

YEARLY AVERAGE

0.3765 RON

2011 MAD to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 0.3912. Conversely, the yearly low was recorded on April 29, dropping to 0.3580.

This high-to-low spread represents a total annual volatility of 0.0332 RON. From a start-to-finish perspective, comparing the January average rate of 0.3818 to the December average rate of 0.3881, the exchange rate registered a net change of 1.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3912 was down 1.75% compared to the 2010 peak of 0.3982, 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 1,956 RON

2010 Average 1,888 RON

Yearly Trough Low 1,790 RON

Transaction Impact: A difference of 166.03 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3915

0.3591

JanuMarcMayJulySeptNove

MAD to RON 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 0.3708, compared to 0.3822 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0114 points.

H1 Avg (Jan–Jun) 0.3708

H2 Avg (Jul–Dec) 0.3822

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0151 RON (High: 0.3890 / Low: 0.3739). On the other end, November was the most stable month, with a tight range of 0.0050 RON (High: 0.3912 / Low: 0.3862).

September Spread (Volatile) ±0.0151

November Spread (Stable) ±0.0050

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0090 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.3888) against the same month in 2010 (average: 0.3830), the exchange rate shifted by +0.0058 (+1.51%).

2011 Avg (November) 0.3888

2010 Avg (November) 0.3830

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3843	0.3790	0.3818
February	0.3805	0.3740	0.3783
March	0.3748	0.3618	0.3693
April	0.3664	0.3580	0.3618
May	0.3664	0.3586	0.3636
June	0.3765	0.3637	0.3701
July	0.3794	0.3685	0.3749
August	0.3804	0.3719	0.3758
September	0.3890	0.3739	0.3806
October	0.3896	0.3814	0.3852
November	0.3912	0.3862	0.3888
December	0.3907	0.3844	0.3881