2011 SHP to MOP Historical Review

YEARLY HIGH

13.3554 MOP

YEARLY LOW

12.3378 MOP

YEARLY AVERAGE

12.8618 MOP

2011 SHP to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SHP to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 13.3554. Conversely, the yearly low was recorded on October 6, dropping to 12.3378.

This high-to-low spread represents a total annual volatility of 1.0176 MOP. From a start-to-finish perspective, comparing the January average rate of 12.6369 to the December average rate of 12.5007, the exchange rate registered a net change of -1.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 13.3554 was up 2.05% compared to the 2010 peak of 13.0869, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 66,777 MOP

2010 Average 61,884 MOP

Yearly Trough Low 61,689 MOP

Transaction Impact: A difference of 5,087.99 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

13.2013

12.4370

JanuMarcMayJulySeptNove

SHP 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 12.9546, compared to 12.7689 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1857 points.

H1 Avg (Jan–Jun) 12.9546

H2 Avg (Jul–Dec) 12.7689

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.6569 MOP (High: 13.0084 / Low: 12.3514). On the other end, February was the most stable month, with a tight range of 0.1927 MOP (High: 13.0250 / Low: 12.8323).

September Spread (Volatile) ±0.6569

February Spread (Stable) ±0.1927

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 August and September, when the average rate fell by 0.4491 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4491

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 13.1133) against the same month in 2010 (average: 12.2729), the exchange rate shifted by +0.8403 (+6.85%).

2011 Avg (April) 13.1133

2010 Avg (April) 12.2729

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.8185	12.3974	12.6369
February	13.0250	12.8323	12.9302
March	13.1337	12.8198	12.9534
April	13.3554	12.8813	13.1133
May	13.3554	12.9127	13.0937
June	13.1631	12.8115	13.0001
July	13.1668	12.7538	12.9576
August	13.2605	13.0159	13.1376
September	13.0084	12.3514	12.6885
October	12.9219	12.3378	12.6537
November	12.8705	12.4075	12.6753
December	12.5657	12.3391	12.5007