2011 PEN to MOP Historical Review

YEARLY HIGH

2.9744 MOP

YEARLY LOW

2.8172 MOP

YEARLY AVERAGE

2.9112 MOP

2011 PEN to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the PEN to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 2.9744. Conversely, the yearly low was recorded on May 2, dropping to 2.8172.

This high-to-low spread represents a total annual volatility of 0.1572 MOP. From a start-to-finish perspective, comparing the January average rate of 2.8734 to the December average rate of 2.9697, the exchange rate registered a net change of 3.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.9744 was up 11.35% compared to the 2010 peak of 2.6713, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,872 MOP

2010 Average 13,325 MOP

Yearly Trough Low 14,086 MOP

Transaction Impact: A difference of 786.10 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.9823

2.8313

JanuMarcMayJulySeptNove

PEN to MOP 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 2.8799, compared to 2.9424 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0625 points.

H1 Avg (Jan–Jun) 2.8799

H2 Avg (Jul–Dec) 2.9424

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.1009 MOP (High: 2.9180 / Low: 2.8172). On the other end, November was the most stable month, with a tight range of 0.0123 MOP (High: 2.9706 / Low: 2.9583).

May Spread (Volatile) ±0.1009

November Spread (Stable) ±0.0123

Growth Streaks & Declines

Trends

Between April and August, 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 0.0427 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0427

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 2.9697) against the same month in 2010 (average: 2.6659), the exchange rate shifted by +0.3038 (+11.40%).

2011 Avg (December) 2.9697

2010 Avg (December) 2.6659

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8918	2.8542	2.8734
February	2.8987	2.8762	2.8915
March	2.8981	2.8489	2.8866
April	2.8689	2.8276	2.8439
May	2.9180	2.8172	2.8825
June	2.9108	2.8732	2.9016
July	2.9344	2.9158	2.9264
August	2.9419	2.9227	2.9315
September	2.9463	2.8976	2.9275
October	2.9614	2.8897	2.9352
November	2.9706	2.9583	2.9641
December	2.9744	2.9618	2.9697