2014 AOA to MAD Historical Review

YEARLY HIGH

0.0898 MAD

YEARLY LOW

0.0827 MAD

YEARLY AVERAGE

0.0855 MAD

2014 AOA to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AOA to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 0.0898. Conversely, the yearly low was recorded on April 12, dropping to 0.0827.

This high-to-low spread represents a total annual volatility of 0.0071 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0843 to the December average rate of 0.0876, the exchange rate registered a net change of 3.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0898 was down 0.42% compared to the 2013 peak of 0.0902, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 449 MAD

2013 Average 436 MAD

Yearly Trough Low 414 MAD

Transaction Impact: A difference of 35.41 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0891

0.0826

JanuMarcMayJulySeptNove

AOA 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 0.0838, compared to 0.0872 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 0.0838

H2 Avg (Jul–Dec) 0.0872

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0022 MAD (High: 0.0891 / Low: 0.0868). On the other end, June was the most stable month, with a tight range of 0.0007 MAD (High: 0.0848 / Low: 0.0841).

September Spread (Volatile) ±0.0022

June Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0009 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 0.0886) against the same month in 2013 (average: 0.0845), the exchange rate shifted by +0.0041 (+4.81%).

2014 Avg (October) 0.0886

2013 Avg (October) 0.0845

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0849	0.0837	0.0843
February	0.0850	0.0835	0.0842
March	0.0838	0.0828	0.0833
April	0.0838	0.0827	0.0832
May	0.0844	0.0828	0.0837
June	0.0848	0.0841	0.0844
July	0.0861	0.0842	0.0851
August	0.0869	0.0852	0.0858
September	0.0891	0.0868	0.0880
October	0.0898	0.0879	0.0886
November	0.0894	0.0874	0.0883
December	0.0881	0.0865	0.0876