2011 ZAR to MAD Historical Review

YEARLY HIGH

1.2673 MAD

YEARLY LOW

0.9820 MAD

YEARLY AVERAGE

1.1198 MAD

2011 ZAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ZAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 1.2673. Conversely, the yearly low was recorded on November 23, dropping to 0.9820.

This high-to-low spread represents a total annual volatility of 0.2853 MAD. From a start-to-finish perspective, comparing the January average rate of 1.2076 to the December average rate of 1.0346, the exchange rate registered a net change of -14.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2673 was down 0.03% compared to the 2010 peak of 1.2677, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 63,366 MAD

2010 Average 57,599 MAD

Yearly Trough Low 49,102 MAD

Transaction Impact: A difference of 14,263.77 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2268

0.9957

JanuMarcMayJulySeptNove

ZAR 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 1.1654, compared to 1.0741 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0913 points.

H1 Avg (Jan–Jun) 1.1654

H2 Avg (Jul–Dec) 1.0741

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1355 MAD (High: 1.1311 / Low: 0.9956). On the other end, June was the most stable month, with a tight range of 0.0218 MAD (High: 1.1716 / Low: 1.1498).

September Spread (Volatile) ±0.1355

June Spread (Stable) ±0.0218

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 0.0627 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0627

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.2076) against the same month in 2010 (average: 1.0599), the exchange rate shifted by +0.1476 (+13.93%).

2011 Avg (January) 1.2076

2010 Avg (January) 1.0599

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2673	1.1398	1.2076
February	1.1682	1.1313	1.1449
March	1.1815	1.1359	1.1641
April	1.1874	1.1453	1.1664
May	1.1714	1.1331	1.1503
June	1.1716	1.1498	1.1592
July	1.1857	1.1469	1.1677
August	1.1789	1.0855	1.1140
September	1.1311	0.9956	1.0843
October	1.0525	1.0030	1.0294
November	1.0402	0.9820	1.0150
December	1.0617	1.0184	1.0346