2011 NOK to MAD Historical Review

YEARLY HIGH

1.4912 MAD

YEARLY LOW

1.4134 MAD

YEARLY AVERAGE

1.4445 MAD

2011 NOK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NOK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 1.4912. Conversely, the yearly low was recorded on January 27, dropping to 1.4134.

This high-to-low spread represents a total annual volatility of 0.0778 MAD. From a start-to-finish perspective, comparing the January average rate of 1.4273 to the December average rate of 1.4387, the exchange rate registered a net change of 0.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.4912 was up 4.01% compared to the 2010 peak of 1.4337, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,456 MAD

2010 Average 6,967 MAD

Yearly Trough Low 7,067 MAD

Transaction Impact: A difference of 389.12 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.4597

1.4244

JanuMarcMayJulySeptNove

NOK 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 1.4407, compared to 1.4483 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 1.4407

H2 Avg (Jul–Dec) 1.4483

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0707 MAD (High: 1.4912 / Low: 1.4205). On the other end, December was the most stable month, with a tight range of 0.0272 MAD (High: 1.4540 / Low: 1.4268).

September Spread (Volatile) ±0.0707

December Spread (Stable) ±0.0272

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0103 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0103

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 1.4568) against the same month in 2010 (average: 1.4067), the exchange rate shifted by +0.0500 (+3.56%).

2011 Avg (September) 1.4568

2010 Avg (September) 1.4067

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4415	1.4134	1.4273
February	1.4553	1.4137	1.4357
March	1.4617	1.4237	1.4390
April	1.4650	1.4331	1.4526
May	1.4654	1.4185	1.4423
June	1.4600	1.4316	1.4469
July	1.4677	1.4327	1.4544
August	1.4762	1.4385	1.4516
September	1.4912	1.4205	1.4568
October	1.4730	1.4162	1.4490
November	1.4596	1.4228	1.4395
December	1.4540	1.4268	1.4387