2013 BIF to MAD Historical Review

YEARLY HIGH

0.0057 MAD

YEARLY LOW

0.0052 MAD

YEARLY AVERAGE

0.0054 MAD

2013 BIF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the BIF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0057. Conversely, the yearly low was recorded on February 3, dropping to 0.0052.

This high-to-low spread represents a total annual volatility of 0.0005 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0055 to the December average rate of 0.0053, the exchange rate registered a net change of -4.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.0057 was down 16.51% compared to the 2012 peak of 0.0068, 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 28 MAD

2012 Average 31 MAD

Yearly Trough Low 26 MAD

Transaction Impact: A difference of 2.26 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.0056

0.0053

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 0.0055, compared to 0.0054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0055

H2 Avg (Jul–Dec) 0.0054

Volatility Range Comparison

Volatility

The most volatile month in 2013 was January, with a trading range of 0.0004 MAD (High: 0.0057 / Low: 0.0053). On the other end, August was the most stable month, with a tight range of 0.0001 MAD (High: 0.0055 / Low: 0.0054).

January Spread (Volatile) ±0.0004

August Spread (Stable) ±0.0001

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 January and February, 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 (March 2013: 0.0055) against the same month in 2012 (average: 0.0065), the exchange rate shifted by -0.0010 (-15.45%).

2013 Avg (March) 0.0055

2012 Avg (March) 0.0065

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0057	0.0053	0.0055
February	0.0055	0.0052	0.0053
March	0.0057	0.0054	0.0055
April	0.0055	0.0054	0.0054
May	0.0055	0.0054	0.0055
June	0.0055	0.0053	0.0054
July	0.0056	0.0055	0.0055
August	0.0055	0.0054	0.0055
September	0.0055	0.0054	0.0054
October	0.0054	0.0053	0.0053
November	0.0054	0.0053	0.0054
December	0.0053	0.0053	0.0053