2011 MKD to MAD Historical Review

YEARLY HIGH

0.1861 MAD

YEARLY LOW

0.1804 MAD

YEARLY AVERAGE

0.1834 MAD

2011 MKD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MKD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 0.1861. Conversely, the yearly low was recorded on December 31, dropping to 0.1804.

This high-to-low spread represents a total annual volatility of 0.0058 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1820 to the December average rate of 0.1817, the exchange rate registered a net change of -0.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1861 was up 0.65% compared to the 2010 peak of 0.1849, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 931 MAD

2010 Average 909 MAD

Yearly Trough Low 902 MAD

Transaction Impact: A difference of 28.81 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1849

0.1814

JanuMarcMayJulySeptNove

MKD 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 0.1837, compared to 0.1832 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.1837

H2 Avg (Jul–Dec) 0.1832

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0032 MAD (High: 0.1838 / Low: 0.1806). On the other end, June was the most stable month, with a tight range of 0.0011 MAD (High: 0.1851 / Low: 0.1840).

January Spread (Volatile) ±0.0032

June Spread (Stable) ±0.0011

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 0.0011 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.1845) against the same month in 2010 (average: 0.1802), the exchange rate shifted by +0.0043 (+2.41%).

2011 Avg (May) 0.1845

2010 Avg (May) 0.1802

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1838	0.1806	0.1820
February	0.1835	0.1822	0.1829
March	0.1845	0.1830	0.1835
April	0.1858	0.1840	0.1846
May	0.1861	0.1836	0.1845
June	0.1851	0.1840	0.1845
July	0.1850	0.1834	0.1842
August	0.1850	0.1836	0.1844
September	0.1845	0.1821	0.1833
October	0.1843	0.1816	0.1829
November	0.1836	0.1808	0.1825
December	0.1832	0.1804	0.1817