2012 BIF to MAD Historical Review

YEARLY HIGH

0.0068 MAD

YEARLY LOW

0.0055 MAD

YEARLY AVERAGE

0.0062 MAD

2012 BIF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BIF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.0068. Conversely, the yearly low was recorded on December 27, dropping to 0.0055.

This high-to-low spread represents a total annual volatility of 0.0013 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0066 to the December average rate of 0.0056, the exchange rate registered a net change of -16.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0068 was down 10.24% compared to the 2011 peak of 0.0076, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 34 MAD

2011 Average 34 MAD

Yearly Trough Low 27 MAD

Transaction Impact: A difference of 6.65 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0067

0.0055

JanuMarcMayJulySeptNove

BIF 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 0.0064, compared to 0.0059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0064

H2 Avg (Jul–Dec) 0.0059

Volatility Range Comparison

Volatility

The most volatile month in 2012 was April, with a trading range of 0.0006 MAD (High: 0.0067 / Low: 0.0061). On the other end, March was the most stable month, with a tight range of 0.0001 MAD (High: 0.0066 / Low: 0.0065).

April Spread (Volatile) ±0.0006

March Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2012. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0002 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 0.0066) against the same month in 2011 (average: 0.0074), the exchange rate shifted by -0.0007 (-9.94%).

2012 Avg (January) 0.0066

2011 Avg (January) 0.0074

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0068	0.0065	0.0066
February	0.0066	0.0064	0.0065
March	0.0066	0.0065	0.0065
April	0.0067	0.0061	0.0064
May	0.0064	0.0061	0.0062
June	0.0064	0.0062	0.0063
July	0.0064	0.0062	0.0063
August	0.0063	0.0061	0.0062
September	0.0061	0.0058	0.0059
October	0.0059	0.0057	0.0058
November	0.0059	0.0056	0.0058
December	0.0057	0.0055	0.0056