2018 AFN to MAD Historical Review

YEARLY HIGH

0.1483 MAD

YEARLY LOW

0.1232 MAD

YEARLY AVERAGE

0.1298 MAD

2018 AFN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the AFN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.1483. Conversely, the yearly low was recorded on September 24, dropping to 0.1232.

This high-to-low spread represents a total annual volatility of 0.0251 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1326 to the December average rate of 0.1262, the exchange rate registered a net change of -4.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.1483 was down 2.85% compared to the 2017 peak of 0.1527, 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 742 MAD

2017 Average 715 MAD

Yearly Trough Low 616 MAD

Transaction Impact: A difference of 125.28 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.1333

0.1245

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 0.1323, compared to 0.1272 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.1323

H2 Avg (Jul–Dec) 0.1272

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.0239 MAD (High: 0.1483 / Low: 0.1244). On the other end, March was the most stable month, with a tight range of 0.0013 MAD (High: 0.1329 / Low: 0.1316).

November Spread (Volatile) ±0.0239

March Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0049 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 0.1264) against the same month in 2017 (average: 0.1377), the exchange rate shifted by -0.0113 (-8.22%).

2018 Avg (November) 0.1264

2017 Avg (November) 0.1377

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1347	0.1311	0.1326
February	0.1334	0.1312	0.1325
March	0.1329	0.1316	0.1322
April	0.1330	0.1304	0.1316
May	0.1339	0.1315	0.1325
June	0.1336	0.1294	0.1323
July	0.1325	0.1282	0.1298
August	0.1318	0.1276	0.1304
September	0.1284	0.1232	0.1254
October	0.1274	0.1241	0.1252
November	0.1483	0.1244	0.1264
December	0.1279	0.1250	0.1262