2011 NIO to MAD Historical Review

YEARLY HIGH

0.4336 MAD

YEARLY LOW

0.3438 MAD

YEARLY AVERAGE

0.3716 MAD

2011 NIO to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NIO to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.4336. Conversely, the yearly low was recorded on May 4, dropping to 0.3438.

This high-to-low spread represents a total annual volatility of 0.0898 MAD. From a start-to-finish perspective, comparing the January average rate of 0.4212 to the December average rate of 0.3691, the exchange rate registered a net change of -12.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4336 was down 7.36% compared to the 2010 peak of 0.4680, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,168 MAD

2010 Average 2,152 MAD

Yearly Trough Low 1,719 MAD

Transaction Impact: A difference of 449.06 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4284

0.3430

JanuMarcMayJulySeptNove

NIO 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 0.3838, compared to 0.3593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0246 points.

H1 Avg (Jan–Jun) 0.3838

H2 Avg (Jul–Dec) 0.3593

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0550 MAD (High: 0.3999 / Low: 0.3449). On the other end, August was the most stable month, with a tight range of 0.0076 MAD (High: 0.3541 / Low: 0.3464).

April Spread (Volatile) ±0.0550

August Spread (Stable) ±0.0076

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 0.0452 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0452

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.4212) against the same month in 2010 (average: 0.4095), the exchange rate shifted by +0.0117 (+2.86%).

2011 Avg (January) 0.4212

2010 Avg (January) 0.4095

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4336	0.4116	0.4212
February	0.4182	0.4085	0.4134
March	0.4098	0.3985	0.4038
April	0.3999	0.3449	0.3586
May	0.3609	0.3438	0.3541
June	0.3584	0.3468	0.3520
July	0.3598	0.3485	0.3526
August	0.3541	0.3464	0.3501
September	0.3679	0.3506	0.3606
October	0.3728	0.3513	0.3607
November	0.3688	0.3584	0.3626
December	0.3746	0.3632	0.3691