2013 BWP to MAD Historical Review

YEARLY HIGH

1.0847 MAD

YEARLY LOW

0.9322 MAD

YEARLY AVERAGE

1.0025 MAD

2013 BWP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the BWP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 1.0847. Conversely, the yearly low was recorded on December 30, dropping to 0.9322.

This high-to-low spread represents a total annual volatility of 0.1525 MAD. From a start-to-finish perspective, comparing the January average rate of 1.0593 to the December average rate of 0.9428, the exchange rate registered a net change of -11.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.0847 was down 8.50% compared to the 2012 peak of 1.1854, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,423 MAD

2012 Average 5,657 MAD

Yearly Trough Low 4,661 MAD

Transaction Impact: A difference of 762.47 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.0710

0.9311

JanuMarcMayJulySeptNove

BWP 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 1.0347, compared to 0.9704 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0643 points.

H1 Avg (Jan–Jun) 1.0347

H2 Avg (Jul–Dec) 0.9704

Volatility Range Comparison

Volatility

The most volatile month in 2013 was May, with a trading range of 0.0660 MAD (High: 1.0519 / Low: 0.9859). On the other end, July was the most stable month, with a tight range of 0.0110 MAD (High: 0.9984 / Low: 0.9874).

May Spread (Volatile) ±0.0660

July Spread (Stable) ±0.0110

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 May and June, when the average rate fell by 0.0489 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0489

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2013: 1.0593) against the same month in 2012 (average: 1.1557), the exchange rate shifted by -0.0964 (-8.34%).

2013 Avg (January) 1.0593

2012 Avg (January) 1.1557

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0847	1.0287	1.0593
February	1.0594	1.0254	1.0438
March	1.0497	1.0347	1.0430
April	1.0552	1.0352	1.0456
May	1.0519	0.9859	1.0327
June	1.0055	0.9677	0.9839
July	0.9984	0.9874	0.9924
August	0.9911	0.9562	0.9762
September	0.9915	0.9671	0.9786
October	0.9769	0.9656	0.9709
November	0.9677	0.9535	0.9615
December	0.9578	0.9322	0.9428