2011 SAR to MOP Historical Review

YEARLY HIGH

2.1503 MOP

YEARLY LOW

2.1291 MOP

YEARLY AVERAGE

2.1382 MOP

2011 SAR to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SAR to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 2.1503. Conversely, the yearly low was recorded on August 15, dropping to 2.1291.

This high-to-low spread represents a total annual volatility of 0.0212 MOP. From a start-to-finish perspective, comparing the January average rate of 2.1368 to the December average rate of 2.1361, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.1503 was up 0.47% compared to the 2010 peak of 2.1402, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,751 MOP

2010 Average 10,677 MOP

Yearly Trough Low 10,646 MOP

Transaction Impact: A difference of 105.84 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.1420

2.1348

JanuMarcMayJulySeptNove

SAR 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 2.1371, compared to 2.1394 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 2.1371

H2 Avg (Jul–Dec) 2.1394

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0212 MOP (High: 2.1503 / Low: 2.1291). On the other end, February was the most stable month, with a tight range of 0.0020 MOP (High: 2.1389 / Low: 2.1369).

August Spread (Volatile) ±0.0212

February Spread (Stable) ±0.0020

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 0.0032 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 2.1414) against the same month in 2010 (average: 2.1355), the exchange rate shifted by +0.0059 (+0.28%).

2011 Avg (August) 2.1414

2010 Avg (August) 2.1355

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1392	2.1351	2.1368
February	2.1389	2.1369	2.1380
March	2.1396	2.1371	2.1385
April	2.1386	2.1333	2.1354
May	2.1380	2.1329	2.1354
June	2.1421	2.1361	2.1383
July	2.1424	2.1337	2.1393
August	2.1503	2.1291	2.1414
September	2.1428	2.1385	2.1411
October	2.1413	2.1378	2.1395
November	2.1426	2.1352	2.1391
December	2.1380	2.1332	2.1361