2015 AZN to MAD Historical Review

YEARLY HIGH

12.3269 MAD

YEARLY LOW

6.3257 MAD

YEARLY AVERAGE

9.6798 MAD

2015 AZN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the AZN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 12.3269. Conversely, the yearly low was recorded on December 28, dropping to 6.3257.

This high-to-low spread represents a total annual volatility of 6.0012 MAD. From a start-to-finish perspective, comparing the January average rate of 11.9476 to the December average rate of 8.6455, the exchange rate registered a net change of -27.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 12.3269 was up 6.62% compared to the 2014 peak of 11.5615, 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 61,634 MAD

2014 Average 53,653 MAD

Yearly Trough Low 31,628 MAD

Transaction Impact: A difference of 30,006.12 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

12.2778

8.3153

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 10.1420, compared to 9.2176 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9244 points.

H1 Avg (Jan–Jun) 10.1420

H2 Avg (Jul–Dec) 9.2176

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 3.2697 MAD (High: 9.5953 / Low: 6.3257). On the other end, July was the most stable month, with a tight range of 0.1511 MAD (High: 9.4252 / Low: 9.2741).

December Spread (Volatile) ±3.2697

July Spread (Stable) ±0.1511

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.0729 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.0729

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 11.9476) against the same month in 2014 (average: 10.4981), the exchange rate shifted by +1.4494 (+13.81%).

2015 Avg (January) 11.9476

2014 Avg (January) 10.4981

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3269	11.5997	11.9476
February	12.2202	9.0888	11.5170
March	9.6736	9.1989	9.4442
April	9.5436	9.2630	9.4372
May	9.3908	9.1310	9.2695
June	9.3785	9.1771	9.2366
July	9.4252	9.2741	9.3404
August	9.3951	9.0703	9.2810
September	9.3113	9.1165	9.2377
October	9.4187	9.1591	9.2773
November	9.6111	9.3576	9.5239
December	9.5953	6.3257	8.6455