2011 SCR to MAD Historical Review

YEARLY HIGH

0.6881 MAD

YEARLY LOW

0.6146 MAD

YEARLY AVERAGE

0.6504 MAD

2011 SCR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SCR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.6881. Conversely, the yearly low was recorded on May 1, dropping to 0.6146.

This high-to-low spread represents a total annual volatility of 0.0735 MAD. From a start-to-finish perspective, comparing the January average rate of 0.6730 to the December average rate of 0.6346, the exchange rate registered a net change of -5.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6881 was down 6.67% compared to the 2010 peak of 0.7373, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,441 MAD

2010 Average 3,469 MAD

Yearly Trough Low 3,073 MAD

Transaction Impact: A difference of 367.57 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6768

0.6308

JanuMarcMayJulySeptNove

SCR 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 0.6522, compared to 0.6485 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.6522

H2 Avg (Jul–Dec) 0.6485

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0528 MAD (High: 0.6796 / Low: 0.6268). On the other end, February was the most stable month, with a tight range of 0.0231 MAD (High: 0.6816 / Low: 0.6586).

October Spread (Volatile) ±0.0528

February Spread (Stable) ±0.0231

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0139 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0139

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.6730) against the same month in 2010 (average: 0.7133), the exchange rate shifted by -0.0404 (-5.66%).

2011 Avg (January) 0.6730

2010 Avg (January) 0.7133

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6881	0.6536	0.6730
February	0.6816	0.6586	0.6676
March	0.6687	0.6388	0.6537
April	0.6579	0.6146	0.6404
May	0.6577	0.6146	0.6372
June	0.6587	0.6261	0.6416
July	0.6656	0.6296	0.6477
August	0.6553	0.6248	0.6444
September	0.6786	0.6356	0.6634
October	0.6796	0.6268	0.6529
November	0.6589	0.6254	0.6478
December	0.6505	0.6158	0.6346