2012 AFN to MAD Historical Review

YEARLY HIGH

0.1909 MAD

YEARLY LOW

0.1623 MAD

YEARLY AVERAGE

0.1763 MAD

2012 AFN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the AFN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.1909. Conversely, the yearly low was recorded on December 19, dropping to 0.1623.

This high-to-low spread represents a total annual volatility of 0.0286 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1867 to the December average rate of 0.1650, the exchange rate registered a net change of -11.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.1909 was down 4.57% compared to the 2011 peak of 0.2000, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 954 MAD

2011 Average 916 MAD

Yearly Trough Low 811 MAD

Transaction Impact: A difference of 142.94 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.1889

0.1628

JanuMarcMayJulySeptNove

AFN 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 0.1790, compared to 0.1736 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 0.1790

H2 Avg (Jul–Dec) 0.1736

Volatility Range Comparison

Volatility

The most volatile month in 2012 was February, with a trading range of 0.0135 MAD (High: 0.1844 / Low: 0.1709). On the other end, April was the most stable month, with a tight range of 0.0033 MAD (High: 0.1769 / Low: 0.1736).

February Spread (Volatile) ±0.0135

April Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between March and July, 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 January and February, when the average rate fell by 0.0115 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0115

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 0.1867) against the same month in 2011 (average: 0.1943), the exchange rate shifted by -0.0076 (-3.89%).

2012 Avg (January) 0.1867

2011 Avg (January) 0.1943

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1909	0.1829	0.1867
February	0.1844	0.1709	0.1752
March	0.1763	0.1727	0.1747
April	0.1769	0.1736	0.1754
May	0.1840	0.1745	0.1792
June	0.1845	0.1809	0.1825
July	0.1878	0.1811	0.1853
August	0.1858	0.1813	0.1839
September	0.1821	0.1696	0.1753
October	0.1695	0.1645	0.1666
November	0.1679	0.1631	0.1656
December	0.1676	0.1623	0.1650