2013 AZN to MAD Historical Review

YEARLY HIGH

11.0313 MAD

YEARLY LOW

10.3893 MAD

YEARLY AVERAGE

10.7173 MAD

2013 AZN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the AZN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 28, valuing the pair at 11.0313. Conversely, the yearly low was recorded on October 25, dropping to 10.3893.

This high-to-low spread represents a total annual volatility of 0.6420 MAD. From a start-to-finish perspective, comparing the January average rate of 10.6986 to the December average rate of 10.4621, the exchange rate registered a net change of -2.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 11.0313 was down 4.54% compared to the 2012 peak of 11.5565, 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 55,157 MAD

2012 Average 54,976 MAD

Yearly Trough Low 51,947 MAD

Transaction Impact: A difference of 3,210.14 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

10.9643

10.4164

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 10.8081, compared to 10.6265 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1816 points.

H1 Avg (Jan–Jun) 10.8081

H2 Avg (Jul–Dec) 10.6265

Volatility Range Comparison

Volatility

The most volatile month in 2013 was February, with a trading range of 0.3710 MAD (High: 10.8401 / Low: 10.4691). On the other end, August was the most stable month, with a tight range of 0.1157 MAD (High: 10.7625 / Low: 10.6468).

February Spread (Volatile) ±0.3710

August Spread (Stable) ±0.1157

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 September and October, when the average rate fell by 0.1772 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1772

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2013: 10.9186) against the same month in 2012 (average: 10.7488), the exchange rate shifted by +0.1698 (+1.58%).

2013 Avg (March) 10.9186

2012 Avg (March) 10.7488

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.8509	10.5312	10.6986
February	10.8401	10.4691	10.6561
March	11.0313	10.8293	10.9186
April	11.0217	10.7945	10.8823
May	11.0095	10.7835	10.9130
June	10.9095	10.6489	10.7798
July	11.0283	10.7170	10.8468
August	10.7625	10.6468	10.6987
September	10.8250	10.5568	10.6721
October	10.5720	10.3893	10.4950
November	10.6645	10.5295	10.5844
December	10.5453	10.4026	10.4621