2011 NAD to MAD Historical Review

YEARLY HIGH

1.2669 MAD

YEARLY LOW

0.9831 MAD

YEARLY AVERAGE

1.1200 MAD

2011 NAD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NAD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 1.2669. Conversely, the yearly low was recorded on November 23, dropping to 0.9831.

This high-to-low spread represents a total annual volatility of 0.2838 MAD. From a start-to-finish perspective, comparing the January average rate of 1.2077 to the December average rate of 1.0342, the exchange rate registered a net change of -14.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2669 was down 0.36% compared to the 2010 peak of 1.2715, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,335 MAD

2010 Average 5,764 MAD

Yearly Trough Low 4,915 MAD

Transaction Impact: A difference of 1,419.12 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2270

0.9945

JanuMarcMayJulySeptNove

NAD 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 1.1645, compared to 1.0755 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0890 points.

H1 Avg (Jan–Jun) 1.1645

H2 Avg (Jul–Dec) 1.0755

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.1249 MAD (High: 1.2669 / Low: 1.1420). On the other end, June was the most stable month, with a tight range of 0.0255 MAD (High: 1.1726 / Low: 1.1470).

January Spread (Volatile) ±0.1249

June Spread (Stable) ±0.0255

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0692 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0692

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.2077) against the same month in 2010 (average: 1.0620), the exchange rate shifted by +0.1456 (+13.71%).

2011 Avg (January) 1.2077

2010 Avg (January) 1.0620

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2669	1.1420	1.2077
February	1.1684	1.1299	1.1435
March	1.1829	1.1312	1.1634
April	1.1864	1.1441	1.1646
May	1.1696	1.1282	1.1492
June	1.1726	1.1470	1.1589
July	1.1839	1.1482	1.1672
August	1.1828	1.0861	1.1148
September	1.1353	1.0365	1.0961
October	1.0708	0.9947	1.0268
November	1.0390	0.9831	1.0139
December	1.0622	1.0191	1.0342