2012 BTN to MAD Historical Review

YEARLY HIGH

0.1762 MAD

YEARLY LOW

0.1535 MAD

YEARLY AVERAGE

0.1642 MAD

2012 BTN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BTN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 22, valuing the pair at 0.1762. Conversely, the yearly low was recorded on December 27, dropping to 0.1535.

This high-to-low spread represents a total annual volatility of 0.0227 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1683 to the December average rate of 0.1554, the exchange rate registered a net change of -7.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.1762 was down 7.26% compared to the 2011 peak of 0.1899, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 881 MAD

2011 Average 869 MAD

Yearly Trough Low 767 MAD

Transaction Impact: A difference of 113.47 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.1746

0.1536

JanuMarcMayJulySeptNove

BTN 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 0.1647, compared to 0.1637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.1647

H2 Avg (Jul–Dec) 0.1637

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.0166 MAD (High: 0.1762 / Low: 0.1596). On the other end, August was the most stable month, with a tight range of 0.0042 MAD (High: 0.1746 / Low: 0.1705).

July Spread (Volatile) ±0.0166

August Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0065 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0065

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 0.1677) against the same month in 2011 (average: 0.1784), the exchange rate shifted by -0.0107 (-5.98%).

2012 Avg (July) 0.1677

2011 Avg (July) 0.1784

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1717	0.1607	0.1683
February	0.1742	0.1667	0.1712
March	0.1710	0.1638	0.1678
April	0.1673	0.1601	0.1639
May	0.1613	0.1563	0.1593
June	0.1601	0.1539	0.1575
July	0.1762	0.1596	0.1677
August	0.1746	0.1705	0.1729
September	0.1724	0.1579	0.1663
October	0.1721	0.1587	0.1618
November	0.1606	0.1541	0.1578
December	0.1578	0.1535	0.1554