2015 BIF to MAD Historical Review

YEARLY HIGH

0.0065 MAD

YEARLY LOW

0.0058 MAD

YEARLY AVERAGE

0.0062 MAD

2015 BIF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BIF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 0.0065. Conversely, the yearly low was recorded on January 3, dropping to 0.0058.

This high-to-low spread represents a total annual volatility of 0.0007 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0060 to the December average rate of 0.0064, the exchange rate registered a net change of 6.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0065 was up 11.99% compared to the 2014 peak of 0.0058, 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 32 MAD

2014 Average 27 MAD

Yearly Trough Low 29 MAD

Transaction Impact: A difference of 3.41 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0065

0.0059

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 0.0062, compared to 0.0063 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0062

H2 Avg (Jul–Dec) 0.0063

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0003 MAD (High: 0.0062 / Low: 0.0058). On the other end, September was the most stable month, with a tight range of 0.0001 MAD (High: 0.0063 / Low: 0.0062).

January Spread (Volatile) ±0.0003

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2015: 0.0064) against the same month in 2014 (average: 0.0057), the exchange rate shifted by +0.0007 (+13.14%).

2015 Avg (November) 0.0064

2014 Avg (November) 0.0057

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0062	0.0058	0.0060
February	0.0062	0.0060	0.0061
March	0.0064	0.0061	0.0063
April	0.0065	0.0062	0.0063
May	0.0063	0.0061	0.0062
June	0.0063	0.0061	0.0062
July	0.0063	0.0060	0.0061
August	0.0064	0.0061	0.0063
September	0.0063	0.0062	0.0062
October	0.0063	0.0061	0.0062
November	0.0065	0.0063	0.0064
December	0.0065	0.0063	0.0064