2011 MAD to VEF Historical Review

YEARLY HIGH

0.5615 VEF

YEARLY LOW

0.4990 VEF

YEARLY AVERAGE

0.5312 VEF

2011 MAD to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 0.5615. Conversely, the yearly low was recorded on January 10, dropping to 0.4990.

This high-to-low spread represents a total annual volatility of 0.0625 VEF. From a start-to-finish perspective, comparing the January average rate of 0.5141 to the December average rate of 0.5075, the exchange rate registered a net change of -1.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.5615 was up 0.38% compared to the 2010 peak of 0.5594, 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 2,808 VEF

2010 Average 2,517 VEF

Yearly Trough Low 2,495 VEF

Transaction Impact: A difference of 312.61 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.5521

0.5034

JanuMarcMayJulySeptNove

MAD to VEF 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 0.5348, compared to 0.5275 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.5348

H2 Avg (Jul–Dec) 0.5275

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0308 VEF (High: 0.5388 / Low: 0.5080). On the other end, August was the most stable month, with a tight range of 0.0108 VEF (High: 0.5490 / Low: 0.5382).

October Spread (Volatile) ±0.0308

August Spread (Stable) ±0.0108

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0178 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0178

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.5448) against the same month in 2010 (average: 0.4897), the exchange rate shifted by +0.0550 (+11.23%).

2011 Avg (May) 0.5448

2010 Avg (May) 0.4897

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5250	0.4990	0.5141
February	0.5280	0.5163	0.5224
March	0.5401	0.5262	0.5339
April	0.5610	0.5380	0.5480
May	0.5615	0.5336	0.5448
June	0.5541	0.5357	0.5457
July	0.5502	0.5317	0.5426
August	0.5490	0.5382	0.5441
September	0.5421	0.5153	0.5263
October	0.5388	0.5080	0.5250
November	0.5274	0.5088	0.5196
December	0.5173	0.4992	0.5075