2015 AFN to MAD Historical Review

YEARLY HIGH

0.1755 MAD

YEARLY LOW

0.1435 MAD

YEARLY AVERAGE

0.1597 MAD

2015 AFN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the AFN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 0.1755. Conversely, the yearly low was recorded on December 29, dropping to 0.1435.

This high-to-low spread represents a total annual volatility of 0.0321 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1623 to the December average rate of 0.1465, the exchange rate registered a net change of -9.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.1755 was up 12.89% compared to the 2014 peak of 0.1555, 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 878 MAD

2014 Average 738 MAD

Yearly Trough Low 717 MAD

Transaction Impact: A difference of 160.25 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.1742

0.1440

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 0.1667, compared to 0.1527 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0141 points.

H1 Avg (Jan–Jun) 0.1667

H2 Avg (Jul–Dec) 0.1527

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0126 MAD (High: 0.1684 / Low: 0.1558). On the other end, February was the most stable month, with a tight range of 0.0026 MAD (High: 0.1681 / Low: 0.1655).

January Spread (Volatile) ±0.0126

February Spread (Stable) ±0.0026

Growth Streaks & Declines

Trends

Between January and March, 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 July and August, when the average rate fell by 0.0072 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0072

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 0.1717) against the same month in 2014 (average: 0.1428), the exchange rate shifted by +0.0288 (+20.19%).

2015 Avg (March) 0.1717

2014 Avg (March) 0.1428

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1684	0.1558	0.1623
February	0.1681	0.1655	0.1664
March	0.1755	0.1679	0.1717
April	0.1738	0.1679	0.1714
May	0.1686	0.1624	0.1655
June	0.1666	0.1592	0.1632
July	0.1637	0.1594	0.1617
August	0.1605	0.1492	0.1545
September	0.1552	0.1496	0.1521
October	0.1526	0.1489	0.1507
November	0.1532	0.1465	0.1504
December	0.1505	0.1435	0.1465