2011 SZL to MAD Historical Review

YEARLY HIGH

1.2679 MAD

YEARLY LOW

0.9801 MAD

YEARLY AVERAGE

1.1222 MAD

2011 SZL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SZL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 1.2679. Conversely, the yearly low was recorded on November 23, dropping to 0.9801.

This high-to-low spread represents a total annual volatility of 0.2878 MAD. From a start-to-finish perspective, comparing the January average rate of 1.2105 to the December average rate of 1.0342, the exchange rate registered a net change of -14.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2679 was up 0.06% compared to the 2010 peak of 1.2671, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,339 MAD

2010 Average 5,758 MAD

Yearly Trough Low 4,901 MAD

Transaction Impact: A difference of 1,438.76 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2299

0.9967

JanuMarcMayJulySeptNove

SZL 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 1.1662, compared to 1.0782 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0879 points.

H1 Avg (Jan–Jun) 1.1662

H2 Avg (Jul–Dec) 1.0782

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.1260 MAD (High: 1.2679 / Low: 1.1419). On the other end, June was the most stable month, with a tight range of 0.0255 MAD (High: 1.1730 / Low: 1.1475).

January Spread (Volatile) ±0.1260

June Spread (Stable) ±0.0255

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.0654 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0654

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.2105) against the same month in 2010 (average: 1.0611), the exchange rate shifted by +0.1494 (+14.08%).

2011 Avg (January) 1.2105

2010 Avg (January) 1.0611

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2679	1.1419	1.2105
February	1.1666	1.1354	1.1451
March	1.1814	1.1350	1.1623
April	1.1853	1.1444	1.1649
May	1.1736	1.1394	1.1537
June	1.1730	1.1475	1.1604
July	1.1882	1.1527	1.1670
August	1.1822	1.0882	1.1160
September	1.1351	1.0507	1.1003
October	1.0798	1.0021	1.0358
November	1.0420	0.9801	1.0161
December	1.0613	1.0185	1.0342