2013 AFN to MAD Historical Review

YEARLY HIGH

0.1659 MAD

YEARLY LOW

0.1403 MAD

YEARLY AVERAGE

0.1538 MAD

2013 AFN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the AFN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.1659. Conversely, the yearly low was recorded on December 10, dropping to 0.1403.

This high-to-low spread represents a total annual volatility of 0.0256 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1634 to the December average rate of 0.1439, the exchange rate registered a net change of -11.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.1659 was down 13.09% compared to the 2012 peak of 0.1909, 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 829 MAD

2012 Average 882 MAD

Yearly Trough Low 702 MAD

Transaction Impact: A difference of 127.84 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.1654

0.1419

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 0.1600, compared to 0.1476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0125 points.

H1 Avg (Jan–Jun) 0.1600

H2 Avg (Jul–Dec) 0.1476

Volatility Range Comparison

Volatility

The most volatile month in 2013 was December, with a trading range of 0.0092 MAD (High: 0.1495 / Low: 0.1403). On the other end, February was the most stable month, with a tight range of 0.0021 MAD (High: 0.1627 / Low: 0.1606).

December Spread (Volatile) ±0.0092

February Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0051 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2013: 0.1634) against the same month in 2012 (average: 0.1867), the exchange rate shifted by -0.0233 (-12.49%).

2013 Avg (January) 0.1634

2012 Avg (January) 0.1867

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1659	0.1613	0.1634
February	0.1627	0.1606	0.1616
March	0.1633	0.1594	0.1615
April	0.1629	0.1585	0.1598
May	0.1613	0.1577	0.1595
June	0.1581	0.1523	0.1545
July	0.1558	0.1488	0.1520
August	0.1514	0.1489	0.1499
September	0.1510	0.1460	0.1491
October	0.1482	0.1431	0.1456
November	0.1464	0.1414	0.1450
December	0.1495	0.1403	0.1439