2014 BOB to MAD Historical Review

YEARLY HIGH

1.3103 MAD

YEARLY LOW

1.1682 MAD

YEARLY AVERAGE

1.2173 MAD

2014 BOB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BOB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.3103. Conversely, the yearly low was recorded on March 18, dropping to 1.1682.

This high-to-low spread represents a total annual volatility of 0.1421 MAD. From a start-to-finish perspective, comparing the January average rate of 1.1910 to the December average rate of 1.2935, the exchange rate registered a net change of 8.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.3103 was up 4.80% compared to the 2013 peak of 1.2503, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,552 MAD

2013 Average 6,052 MAD

Yearly Trough Low 5,841 MAD

Transaction Impact: A difference of 710.67 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.3052

1.1648

JanuMarcMayJulySeptNove

BOB 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 1.1852, compared to 1.2494 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0642 points.

H1 Avg (Jan–Jun) 1.1852

H2 Avg (Jul–Dec) 1.2494

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0416 MAD (High: 1.2678 / Low: 1.2262). On the other end, June was the most stable month, with a tight range of 0.0106 MAD (High: 1.1985 / Low: 1.1879).

September Spread (Volatile) ±0.0416

June Spread (Stable) ±0.0106

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 0.0125 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0125

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.2935) against the same month in 2013 (average: 1.1870), the exchange rate shifted by +0.1065 (+8.97%).

2014 Avg (December) 1.2935

2013 Avg (December) 1.1870

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1985	1.1819	1.1910
February	1.2000	1.1792	1.1890
March	1.1827	1.1682	1.1765
April	1.1852	1.1731	1.1771
May	1.1927	1.1718	1.1838
June	1.1985	1.1879	1.1939
July	1.2084	1.1897	1.1978
August	1.2261	1.2059	1.2136
September	1.2678	1.2262	1.2461
October	1.2746	1.2554	1.2649
November	1.2875	1.2737	1.2807
December	1.3103	1.2772	1.2935