2014 AWG to MAD Historical Review

YEARLY HIGH

5.0608 MAD

YEARLY LOW

4.5153 MAD

YEARLY AVERAGE

4.7043 MAD

2014 AWG to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AWG to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 5.0608. Conversely, the yearly low was recorded on March 17, dropping to 4.5153.

This high-to-low spread represents a total annual volatility of 0.5455 MAD. From a start-to-finish perspective, comparing the January average rate of 4.5991 to the December average rate of 4.9986, the exchange rate registered a net change of 8.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 5.0608 was up 4.63% compared to the 2013 peak of 4.8366, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 25,304 MAD

2013 Average 23,482 MAD

Yearly Trough Low 22,576 MAD

Transaction Impact: A difference of 2,727.61 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

5.0440

4.4995

JanuMarcMayJulySeptNove

AWG 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 4.5817, compared to 4.8269 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2452 points.

H1 Avg (Jan–Jun) 4.5817

H2 Avg (Jul–Dec) 4.8269

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.1506 MAD (High: 4.8891 / Low: 4.7385). On the other end, April was the most stable month, with a tight range of 0.0500 MAD (High: 4.5903 / Low: 4.5403).

September Spread (Volatile) ±0.1506

April Spread (Stable) ±0.0500

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 0.0443 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0443

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 4.9986) against the same month in 2013 (average: 4.5835), the exchange rate shifted by +0.4152 (+9.06%).

2014 Avg (December) 4.9986

2013 Avg (December) 4.5835

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.6311	4.5653	4.5991
February	4.6378	4.5534	4.5892
March	4.5818	4.5153	4.5449
April	4.5903	4.5403	4.5607
May	4.6173	4.5424	4.5837
June	4.6377	4.5828	4.6124
July	4.6658	4.5917	4.6257
August	4.7482	4.6594	4.6927
September	4.8891	4.7385	4.8150
October	4.9432	4.8467	4.8866
November	4.9714	4.9163	4.9426
December	5.0608	4.9369	4.9986