2014 ANG to MAD Historical Review

YEARLY HIGH

5.0620 MAD

YEARLY LOW

4.5177 MAD

YEARLY AVERAGE

4.7067 MAD

2014 ANG to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ANG to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 5.0620. Conversely, the yearly low was recorded on March 17, dropping to 4.5177.

This high-to-low spread represents a total annual volatility of 0.5444 MAD. From a start-to-finish perspective, comparing the January average rate of 4.6021 to the December average rate of 5.0013, the exchange rate registered a net change of 8.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 5.0620 was up 4.59% compared to the 2013 peak of 4.8399, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 25,310 MAD

2013 Average 23,526 MAD

Yearly Trough Low 22,588 MAD

Transaction Impact: A difference of 2,721.84 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

5.0468

4.5007

JanuMarcMayJulySeptNove

ANG 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 4.5808, compared to 4.8327 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2519 points.

H1 Avg (Jan–Jun) 4.5808

H2 Avg (Jul–Dec) 4.8327

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.1532 MAD (High: 4.8996 / Low: 4.7464). On the other end, June was the most stable month, with a tight range of 0.0433 MAD (High: 4.6337 / Low: 4.5904).

September Spread (Volatile) ±0.1532

June Spread (Stable) ±0.0433

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0468 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0468

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 5.0013) against the same month in 2013 (average: 4.5864), the exchange rate shifted by +0.4150 (+9.05%).

2014 Avg (December) 5.0013

2013 Avg (December) 4.5864

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.6333	4.5672	4.6021
February	4.6397	4.5646	4.5931
March	4.5713	4.5177	4.5462
April	4.5793	4.5314	4.5491
May	4.6136	4.5341	4.5778
June	4.6337	4.5904	4.6163
July	4.6736	4.5993	4.6323
August	4.7474	4.6629	4.6938
September	4.8996	4.7464	4.8222
October	4.9445	4.8573	4.8945
November	4.9795	4.9245	4.9519
December	5.0620	4.9381	5.0013