2014 BHD to MAD Historical Review

YEARLY HIGH

24.0261 MAD

YEARLY LOW

21.4422 MAD

YEARLY AVERAGE

22.3145 MAD

2014 BHD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BHD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 24.0261. Conversely, the yearly low was recorded on March 18, dropping to 21.4422.

This high-to-low spread represents a total annual volatility of 2.5839 MAD. From a start-to-finish perspective, comparing the January average rate of 21.8387 to the December average rate of 23.7095, the exchange rate registered a net change of 8.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 24.0261 was up 4.62% compared to the 2013 peak of 22.9656, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 120,131 MAD

2013 Average 111,509 MAD

Yearly Trough Low 107,211 MAD

Transaction Impact: A difference of 12,919.57 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

23.9231

21.3593

JanuMarcMayJulySeptNove

BHD 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 21.7257, compared to 22.9033 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1776 points.

H1 Avg (Jan–Jun) 21.7257

H2 Avg (Jul–Dec) 22.9033

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.7334 MAD (High: 23.2163 / Low: 22.4829). On the other end, June was the most stable month, with a tight range of 0.2057 MAD (High: 21.9615 / Low: 21.7558).

September Spread (Volatile) ±0.7334

June Spread (Stable) ±0.2057

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 0.2168 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.2168

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 23.7095) against the same month in 2013 (average: 21.7658), the exchange rate shifted by +1.9437 (+8.93%).

2014 Avg (December) 23.7095

2013 Avg (December) 21.7658

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.9871	21.7420	21.8387
February	22.0099	21.6166	21.7897
March	21.6960	21.4422	21.5729
April	21.7307	21.5001	21.5786
May	21.8676	21.4750	21.6984
June	21.9615	21.7558	21.8758
July	22.1514	21.8002	21.9554
August	22.4881	22.0908	22.2422
September	23.2163	22.4829	22.8535
October	23.4394	23.0124	23.1885
November	23.6019	23.3408	23.4709
December	24.0261	23.4076	23.7095