2011 RON to MAD Historical Review

YEARLY HIGH

2.7930 MAD

YEARLY LOW

2.5560 MAD

YEARLY AVERAGE

2.6574 MAD

2011 RON to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the RON to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 2.7930. Conversely, the yearly low was recorded on November 27, dropping to 2.5560.

This high-to-low spread represents a total annual volatility of 0.2371 MAD. From a start-to-finish perspective, comparing the January average rate of 2.6194 to the December average rate of 2.5765, the exchange rate registered a net change of -1.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.7930 was up 1.21% compared to the 2010 peak of 2.7597, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,965 MAD

2010 Average 13,249 MAD

Yearly Trough Low 12,780 MAD

Transaction Impact: A difference of 1,185.29 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.7829

2.5527

JanuMarcMayJulySeptNove

RON 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 2.6979, compared to 2.6169 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0810 points.

H1 Avg (Jan–Jun) 2.6979

H2 Avg (Jul–Dec) 2.6169

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1039 MAD (High: 2.6747 / Low: 2.5709). On the other end, November was the most stable month, with a tight range of 0.0331 MAD (High: 2.5891 / Low: 2.5560).

September Spread (Volatile) ±0.1039

November Spread (Stable) ±0.0331

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 May and June, when the average rate fell by 0.0486 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0486

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 2.7638) against the same month in 2010 (average: 2.7106), the exchange rate shifted by +0.0532 (+1.96%).

2011 Avg (April) 2.7638

2010 Avg (April) 2.7106

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6385	2.6020	2.6194
February	2.6736	2.6281	2.6434
March	2.7641	2.6679	2.7081
April	2.7930	2.7295	2.7638
May	2.7886	2.7295	2.7507
June	2.7496	2.6562	2.7021
July	2.7136	2.6356	2.6678
August	2.6887	2.6287	2.6609
September	2.6747	2.5709	2.6278
October	2.6219	2.5667	2.5964
November	2.5891	2.5560	2.5719
December	2.6017	2.5594	2.5765