2014 ARS to MAD Historical Review

YEARLY HIGH

1.2593 MAD

YEARLY LOW

1.0028 MAD

YEARLY AVERAGE

1.0393 MAD

2014 ARS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 1.2593. Conversely, the yearly low was recorded on August 23, dropping to 1.0028.

This high-to-low spread represents a total annual volatility of 0.2565 MAD. From a start-to-finish perspective, comparing the January average rate of 1.1850 to the December average rate of 1.0462, the exchange rate registered a net change of -11.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.2593 was down 27.06% compared to the 2013 peak of 1.7264, 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 6,297 MAD

2013 Average 7,725 MAD

Yearly Trough Low 5,014 MAD

Transaction Impact: A difference of 1,282.69 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.2026

0.9914

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 1.0510, compared to 1.0275 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0235 points.

H1 Avg (Jan–Jun) 1.0510

H2 Avg (Jul–Dec) 1.0275

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.2325 MAD (High: 1.2593 / Low: 1.0268). On the other end, July was the most stable month, with a tight range of 0.0092 MAD (High: 1.0195 / Low: 1.0103).

January Spread (Volatile) ±0.2325

July Spread (Stable) ±0.0092

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1398 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1398

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.1850) against the same month in 2013 (average: 1.6979), the exchange rate shifted by -0.5128 (-30.20%).

2014 Avg (January) 1.1850

2013 Avg (January) 1.6979

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2593	1.0268	1.1850
February	1.0546	1.0327	1.0453
March	1.0369	1.0172	1.0263
April	1.0238	1.0127	1.0167
May	1.0216	1.0120	1.0179
June	1.0207	1.0087	1.0151
July	1.0195	1.0103	1.0152
August	1.0131	1.0028	1.0090
September	1.0368	1.0084	1.0238
October	1.0440	1.0234	1.0313
November	1.0443	1.0336	1.0396
December	1.0682	1.0320	1.0462