2012 AZN to MAD Historical Review

YEARLY HIGH

11.5565 MAD

YEARLY LOW

10.5861 MAD

YEARLY AVERAGE

10.9938 MAD

2012 AZN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the AZN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 11.5565. Conversely, the yearly low was recorded on February 26, dropping to 10.5861.

This high-to-low spread represents a total annual volatility of 0.9704 MAD. From a start-to-finish perspective, comparing the January average rate of 10.9581 to the December average rate of 10.8220, the exchange rate registered a net change of -1.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 11.5565 was up 5.65% compared to the 2011 peak of 10.9380, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 57,782 MAD

2011 Average 51,284 MAD

Yearly Trough Low 52,930 MAD

Transaction Impact: A difference of 4,852.03 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

11.4653

10.6641

JanuMarcMayJulySeptNove

AZN 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 10.9099, compared to 11.0778 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1679 points.

H1 Avg (Jan–Jun) 10.9099

H2 Avg (Jul–Dec) 11.0778

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.5851 MAD (High: 11.3207 / Low: 10.7356). On the other end, October was the most stable month, with a tight range of 0.1551 MAD (High: 10.9767 / Low: 10.8217).

May Spread (Volatile) ±0.5851

October Spread (Stable) ±0.1551

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3308 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3308

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 11.3985) against the same month in 2011 (average: 10.0728), the exchange rate shifted by +1.3257 (+13.16%).

2012 Avg (July) 11.3985

2011 Avg (July) 10.0728

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.1242	10.7710	10.9581
February	10.8782	10.5861	10.7309
March	10.8587	10.6526	10.7488
April	10.8585	10.6661	10.7778
May	11.3207	10.7356	11.0213
June	11.3458	11.1206	11.2223
July	11.5565	11.1362	11.3985
August	11.4200	11.1737	11.3201
September	11.2061	10.8067	10.9893
October	10.9767	10.8217	10.9156
November	11.1134	10.9046	11.0213
December	10.9484	10.7252	10.8220