2013 ARS to MAD Historical Review

YEARLY HIGH

1.7264 MAD

YEARLY LOW

1.2512 MAD

YEARLY AVERAGE

1.5457 MAD

2013 ARS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the ARS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 1.7264. Conversely, the yearly low was recorded on December 30, dropping to 1.2512.

This high-to-low spread represents a total annual volatility of 0.4753 MAD. From a start-to-finish perspective, comparing the January average rate of 1.6979 to the December average rate of 1.2957, the exchange rate registered a net change of -23.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.7264 was down 14.90% compared to the 2012 peak of 2.0288, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,632 MAD

2012 Average 9,511 MAD

Yearly Trough Low 6,256 MAD

Transaction Impact: A difference of 2,376.38 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.7381

1.2555

JanuMarcMayJulySeptNove

ARS 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 1.6555, compared to 1.4359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2196 points.

H1 Avg (Jan–Jun) 1.6555

H2 Avg (Jul–Dec) 1.4359

Volatility Range Comparison

Volatility

The most volatile month in 2013 was December, with a trading range of 0.0932 MAD (High: 1.3444 / Low: 1.2512). On the other end, March was the most stable month, with a tight range of 0.0242 MAD (High: 1.6918 / Low: 1.6677).

December Spread (Volatile) ±0.0932

March Spread (Stable) ±0.0242

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 November and December, when the average rate fell by 0.0853 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0853

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2013: 1.6979) against the same month in 2012 (average: 1.9946), the exchange rate shifted by -0.2968 (-14.88%).

2013 Avg (January) 1.6979

2012 Avg (January) 1.9946

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7264	1.6598	1.6979
February	1.6875	1.6494	1.6698
March	1.6918	1.6677	1.6843
April	1.6898	1.6378	1.6580
May	1.6502	1.6194	1.6361
June	1.6204	1.5656	1.5871
July	1.5995	1.5279	1.5651
August	1.5320	1.4833	1.5042
September	1.4894	1.4317	1.4607
October	1.4313	1.3857	1.4084
November	1.4031	1.3455	1.3810
December	1.3444	1.2512	1.2957