2011 MAD to VUV Historical Review

YEARLY HIGH

11.8845 VUV

YEARLY LOW

10.7757 VUV

YEARLY AVERAGE

11.2560 VUV

2011 MAD to VUV Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to VUV exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 11.8845. Conversely, the yearly low was recorded on September 13, dropping to 10.7757.

This high-to-low spread represents a total annual volatility of 1.1088 VUV. From a start-to-finish perspective, comparing the January average rate of 11.2151 to the December average rate of 10.9505, the exchange rate registered a net change of -2.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 11.8845 was down 4.20% compared to the 2010 peak of 12.4055, 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 59,422 VUV

2010 Average 57,697 VUV

Yearly Trough Low 53,878 VUV

Transaction Impact: A difference of 5,544.01 VUV purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

11.7091

10.8816

JanuMarcMayJulySeptNove

MAD to VUV 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 11.4008, compared to 11.1112 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2896 points.

H1 Avg (Jan–Jun) 11.4008

H2 Avg (Jul–Dec) 11.1112

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.6666 VUV (High: 11.6813 / Low: 11.0147). On the other end, December was the most stable month, with a tight range of 0.2671 VUV (High: 11.0951 / Low: 10.8280).

May Spread (Volatile) ±0.6666

December Spread (Stable) ±0.2671

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 April and May, when the average rate fell by 0.3094 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2011: 11.6041) against the same month in 2010 (average: 11.8311), the exchange rate shifted by -0.2270 (-1.92%).

2011 Avg (March) 11.6041

2010 Avg (March) 11.8311

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.4769	10.9058	11.2151
February	11.5321	11.1522	11.3455
March	11.8845	11.3201	11.6041
April	11.7775	11.4363	11.6401
May	11.6813	11.0147	11.3307
June	11.4959	10.9738	11.2692
July	11.3025	10.9005	11.1349
August	11.6100	10.9894	11.3040
September	11.2998	10.7757	11.0238
October	11.3926	10.8837	11.2050
November	11.2960	10.7945	11.0486
December	11.0951	10.8280	10.9505