2011 MOP to MAD Historical Review

YEARLY HIGH

1.0743 MAD

YEARLY LOW

0.9556 MAD

YEARLY AVERAGE

1.0095 MAD

2011 MOP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MOP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 1.0743. Conversely, the yearly low was recorded on May 4, dropping to 0.9556.

This high-to-low spread represents a total annual volatility of 0.1187 MAD. From a start-to-finish perspective, comparing the January average rate of 1.0433 to the December average rate of 1.0566, the exchange rate registered a net change of 1.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.0743 was down 5.99% compared to the 2010 peak of 1.1427, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,372 MAD

2010 Average 5,259 MAD

Yearly Trough Low 4,778 MAD

Transaction Impact: A difference of 593.31 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.0644

0.9714

JanuMarcMayJulySeptNove

MOP 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 1.0031, compared to 1.0158 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0127 points.

H1 Avg (Jan–Jun) 1.0031

H2 Avg (Jul–Dec) 1.0158

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0578 MAD (High: 1.0532 / Low: 0.9954). On the other end, August was the most stable month, with a tight range of 0.0192 MAD (High: 0.9935 / Low: 0.9743).

October Spread (Volatile) ±0.0578

August Spread (Stable) ±0.0192

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 0.0243 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0243

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.0433) against the same month in 2010 (average: 0.9889), the exchange rate shifted by +0.0544 (+5.50%).

2011 Avg (January) 1.0433

2010 Avg (January) 0.9889

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0743	1.0202	1.0433
February	1.0372	1.0145	1.0258
March	1.0183	0.9922	1.0035
April	0.9967	0.9577	0.9791
May	1.0048	0.9556	0.9851
June	0.9984	0.9673	0.9819
July	1.0060	0.9750	0.9869
August	0.9935	0.9743	0.9833
September	1.0374	0.9883	1.0169
October	1.0532	0.9954	1.0202
November	1.0506	1.0156	1.0309
December	1.0741	1.0371	1.0566