2011 MMK to MAD Historical Review

YEARLY HIGH

1.3318 MAD

YEARLY LOW

1.1748 MAD

YEARLY AVERAGE

1.2475 MAD

2011 MMK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MMK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 1.3318. Conversely, the yearly low was recorded on May 4, dropping to 1.1748.

This high-to-low spread represents a total annual volatility of 0.1570 MAD. From a start-to-finish perspective, comparing the January average rate of 1.2842 to the December average rate of 1.3068, the exchange rate registered a net change of 1.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.3318 was down 5.46% compared to the 2010 peak of 1.4088, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,659 MAD

2010 Average 6,469 MAD

Yearly Trough Low 5,874 MAD

Transaction Impact: A difference of 785.04 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.3171

1.1942

JanuMarcMayJulySeptNove

MMK 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 1.2349, compared to 1.2602 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0253 points.

H1 Avg (Jan–Jun) 1.2349

H2 Avg (Jul–Dec) 1.2602

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0839 MAD (High: 1.3094 / Low: 1.2255). On the other end, February was the most stable month, with a tight range of 0.0282 MAD (High: 1.2778 / Low: 1.2495).

October Spread (Volatile) ±0.0839

February Spread (Stable) ±0.0282

Growth Streaks & Declines

Trends

Between June and September, 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 March and April, when the average rate fell by 0.0318 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0318

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.3068) against the same month in 2010 (average: 1.2953), the exchange rate shifted by +0.0116 (+0.89%).

2011 Avg (December) 1.3068

2010 Avg (December) 1.2953

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3220	1.2565	1.2842
February	1.2778	1.2495	1.2633
March	1.2544	1.2215	1.2362
April	1.2268	1.1774	1.2044
May	1.2364	1.1748	1.2118
June	1.2314	1.1905	1.2095
July	1.2406	1.2005	1.2202
August	1.2383	1.2018	1.2213
September	1.3000	1.2176	1.2668
October	1.3094	1.2255	1.2662
November	1.3169	1.2529	1.2796
December	1.3318	1.2780	1.3068