2011 MDL to MAD Historical Review

YEARLY HIGH

0.7384 MAD

YEARLY LOW

0.6644 MAD

YEARLY AVERAGE

0.6912 MAD

2011 MDL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MDL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.7384. Conversely, the yearly low was recorded on March 20, dropping to 0.6644.

This high-to-low spread represents a total annual volatility of 0.0741 MAD. From a start-to-finish perspective, comparing the January average rate of 0.6866 to the December average rate of 0.7204, the exchange rate registered a net change of 4.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.7384 was up 1.30% compared to the 2010 peak of 0.7290, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MDL based on timing:

Yearly Peak High 3,692 MAD

2010 Average 3,405 MAD

Yearly Trough Low 3,322 MAD

Transaction Impact: A difference of 370.40 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.7251

0.6688

JanuMarcMayJulySeptNove

MDL to MAD 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 0.6804, compared to 0.7020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0216 points.

H1 Avg (Jan–Jun) 0.6804

H2 Avg (Jul–Dec) 0.7020

Volatility Range Comparison

Volatility

The most volatile month in 2011 was December, with a trading range of 0.0343 MAD (High: 0.7384 / Low: 0.7041). On the other end, August was the most stable month, with a tight range of 0.0098 MAD (High: 0.7007 / Low: 0.6909).

December Spread (Volatile) ±0.0343

August Spread (Stable) ±0.0098

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0124 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0124

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.7204) against the same month in 2010 (average: 0.6950), the exchange rate shifted by +0.0255 (+3.66%).

2011 Avg (December) 0.7204

2010 Avg (December) 0.6950

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6987	0.6730	0.6866
February	0.6964	0.6795	0.6859
March	0.6859	0.6644	0.6735
April	0.6903	0.6669	0.6738
May	0.6901	0.6699	0.6808
June	0.6948	0.6721	0.6819
July	0.6997	0.6796	0.6886
August	0.7007	0.6909	0.6953
September	0.7143	0.6913	0.7029
October	0.7142	0.6887	0.6996
November	0.7104	0.7002	0.7051
December	0.7384	0.7041	0.7204