2011 MAD to ZAR Historical Review

YEARLY HIGH

1.0183 ZAR

YEARLY LOW

0.7891 ZAR

YEARLY AVERAGE

0.8962 ZAR

2011 MAD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MAD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 1.0183. Conversely, the yearly low was recorded on January 3, dropping to 0.7891.

This high-to-low spread represents a total annual volatility of 0.2292 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.8292 to the December average rate of 0.9667, the exchange rate registered a net change of 16.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.0183 was up 6.23% compared to the 2010 peak of 0.9585, 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 5,091 ZAR

2010 Average 4,349 ZAR

Yearly Trough Low 3,945 ZAR

Transaction Impact: A difference of 1,146.10 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.0012

0.8136

JanuMarcMayJulySeptNove

MAD to ZAR 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 0.8586, compared to 0.9338 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0752 points.

H1 Avg (Jan–Jun) 0.8586

H2 Avg (Jul–Dec) 0.9338

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1203 ZAR (High: 1.0044 / Low: 0.8841). On the other end, June was the most stable month, with a tight range of 0.0162 ZAR (High: 0.8697 / Low: 0.8535).

September Spread (Volatile) ±0.1203

June Spread (Stable) ±0.0162

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 0.0188 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0188

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.9856) against the same month in 2010 (average: 0.8493), the exchange rate shifted by +0.1362 (+16.04%).

2011 Avg (November) 0.9856

2010 Avg (November) 0.8493

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8774	0.7891	0.8292
February	0.8840	0.8560	0.8735
March	0.8804	0.8464	0.8592
April	0.8731	0.8422	0.8575
May	0.8825	0.8537	0.8694
June	0.8697	0.8535	0.8627
July	0.8719	0.8433	0.8565
August	0.9212	0.8483	0.8982
September	1.0044	0.8841	0.9240
October	0.9970	0.9502	0.9716
November	1.0183	0.9613	0.9856
December	0.9819	0.9419	0.9667