2011 VEF to MAD Historical Review

YEARLY HIGH

2.0040 MAD

YEARLY LOW

1.7809 MAD

YEARLY AVERAGE

1.8841 MAD

2011 VEF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 2.0040. Conversely, the yearly low was recorded on May 4, dropping to 1.7809.

This high-to-low spread represents a total annual volatility of 0.2231 MAD. From a start-to-finish perspective, comparing the January average rate of 1.9457 to the December average rate of 1.9707, the exchange rate registered a net change of 1.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.0040 was down 45.49% compared to the 2010 peak of 3.6761, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,020 MAD

2010 Average 10,052 MAD

Yearly Trough Low 8,904 MAD

Transaction Impact: A difference of 1,115.65 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.9853

1.8105

JanuMarcMayJulySeptNove

VEF 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 1.8712, compared to 1.8971 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0259 points.

H1 Avg (Jan–Jun) 1.8712

H2 Avg (Jul–Dec) 1.8971

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.1126 MAD (High: 1.9685 / Low: 1.8559). On the other end, August was the most stable month, with a tight range of 0.0367 MAD (High: 1.8580 / Low: 1.8214).

October Spread (Volatile) ±0.1126

August Spread (Stable) ±0.0367

Growth Streaks & Declines

Trends

Between August and December, 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 0.0482 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0482

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.9457) against the same month in 2010 (average: 2.4299), the exchange rate shifted by -0.4842 (-19.93%).

2011 Avg (January) 1.9457

2010 Avg (January) 2.4299

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0040	1.9047	1.9457
February	1.9369	1.8941	1.9142
March	1.9005	1.8515	1.8733
April	1.8588	1.7826	1.8250
May	1.8742	1.7809	1.8361
June	1.8666	1.8046	1.8328
July	1.8806	1.8175	1.8431
August	1.8580	1.8214	1.8380
September	1.9408	1.8446	1.9006
October	1.9685	1.8559	1.9051
November	1.9656	1.8962	1.9248
December	2.0032	1.9331	1.9707