2014 BBD to MAD Historical Review

YEARLY HIGH

4.5294 MAD

YEARLY LOW

4.0411 MAD

YEARLY AVERAGE

4.2066 MAD

2014 BBD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BBD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 4.5294. Conversely, the yearly low was recorded on March 17, dropping to 4.0411.

This high-to-low spread represents a total annual volatility of 0.4884 MAD. From a start-to-finish perspective, comparing the January average rate of 4.1164 to the December average rate of 4.4696, the exchange rate registered a net change of 8.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 4.5294 was up 4.64% compared to the 2013 peak of 4.3287, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 22,647 MAD

2013 Average 21,020 MAD

Yearly Trough Low 20,205 MAD

Transaction Impact: A difference of 2,441.78 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

4.5099

4.0263

JanuMarcMayJulySeptNove

BBD 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 4.0955, compared to 4.3176 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2221 points.

H1 Avg (Jan–Jun) 4.0955

H2 Avg (Jul–Dec) 4.3176

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.1369 MAD (High: 4.3779 / Low: 4.2409). On the other end, June was the most stable month, with a tight range of 0.0386 MAD (High: 4.1402 / Low: 4.1017).

September Spread (Volatile) ±0.1369

June Spread (Stable) ±0.0386

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 0.0409 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0409

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 4.4696) against the same month in 2013 (average: 4.1023), the exchange rate shifted by +0.3673 (+8.95%).

2014 Avg (December) 4.4696

2013 Avg (December) 4.1023

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.1445	4.0854	4.1164
February	4.1505	4.0753	4.1075
March	4.0892	4.0411	4.0666
April	4.0962	4.0533	4.0684
May	4.1222	4.0484	4.0903
June	4.1402	4.1017	4.1239
July	4.1759	4.1095	4.1388
August	4.2419	4.1647	4.1934
September	4.3779	4.2409	4.3084
October	4.4180	4.3378	4.3714
November	4.4494	4.4001	4.4243
December	4.5294	4.4123	4.4696