2011 NGN to MAD Historical Review

YEARLY HIGH

0.0563 MAD

YEARLY LOW

0.0494 MAD

YEARLY AVERAGE

0.0519 MAD

2011 NGN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NGN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.0563. Conversely, the yearly low was recorded on May 4, dropping to 0.0494.

This high-to-low spread represents a total annual volatility of 0.0069 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0548 to the December average rate of 0.0521, the exchange rate registered a net change of -4.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0563 was down 7.20% compared to the 2010 peak of 0.0607, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 56,293 MAD

2010 Average 55,744 MAD

Yearly Trough Low 49,389 MAD

Transaction Impact: A difference of 6,904.44 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0552

0.0501

JanuMarcMayJulySeptNove

NGN 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 0.0520, compared to 0.0518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0520

H2 Avg (Jul–Dec) 0.0518

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0035 MAD (High: 0.0533 / Low: 0.0498). On the other end, February was the most stable month, with a tight range of 0.0014 MAD (High: 0.0545 / Low: 0.0530).

October Spread (Volatile) ±0.0035

February Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between May and July, 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 February and March, when the average rate fell by 0.0019 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0548) against the same month in 2010 (average: 0.0526), the exchange rate shifted by +0.0022 (+4.15%).

2011 Avg (January) 0.0548

2010 Avg (January) 0.0526

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0563	0.0538	0.0548
February	0.0545	0.0530	0.0538
March	0.0530	0.0511	0.0519
April	0.0518	0.0496	0.0507
May	0.0514	0.0494	0.0505
June	0.0515	0.0499	0.0506
July	0.0532	0.0513	0.0520
August	0.0529	0.0504	0.0514
September	0.0530	0.0512	0.0522
October	0.0533	0.0498	0.0512
November	0.0529	0.0512	0.0521
December	0.0530	0.0515	0.0521