2011 VUV to MAD Historical Review

YEARLY HIGH

0.0928 MAD

YEARLY LOW

0.0841 MAD

YEARLY AVERAGE

0.0889 MAD

2011 VUV to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VUV to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 13, valuing the pair at 0.0928. Conversely, the yearly low was recorded on March 20, dropping to 0.0841.

This high-to-low spread represents a total annual volatility of 0.0087 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0892 to the December average rate of 0.0913, the exchange rate registered a net change of 2.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0928 was up 1.52% compared to the 2010 peak of 0.0914, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 464 MAD

2010 Average 434 MAD

Yearly Trough Low 421 MAD

Transaction Impact: A difference of 43.29 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0919

0.0854

JanuMarcMayJulySeptNove

VUV 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 0.0877, compared to 0.0900 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.0877

H2 Avg (Jul–Dec) 0.0900

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.0052 MAD (High: 0.0908 / Low: 0.0856). On the other end, December was the most stable month, with a tight range of 0.0022 MAD (High: 0.0924 / Low: 0.0901).

May Spread (Volatile) ±0.0052

December Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between April and July, 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 February and March, when the average rate fell by 0.0020 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.0907) against the same month in 2010 (average: 0.0879), the exchange rate shifted by +0.0028 (+3.23%).

2011 Avg (September) 0.0907

2010 Avg (September) 0.0879

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0917	0.0871	0.0892
February	0.0897	0.0867	0.0881
March	0.0883	0.0841	0.0862
April	0.0874	0.0849	0.0859
May	0.0908	0.0856	0.0883
June	0.0911	0.0870	0.0887
July	0.0917	0.0885	0.0898
August	0.0910	0.0861	0.0885
September	0.0928	0.0885	0.0907
October	0.0919	0.0878	0.0893
November	0.0926	0.0885	0.0905
December	0.0924	0.0901	0.0913