2014 BWP to MAD Historical Review

YEARLY HIGH

0.9680 MAD

YEARLY LOW

0.9059 MAD

YEARLY AVERAGE

0.9370 MAD

2014 BWP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BWP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.9680. Conversely, the yearly low was recorded on January 30, dropping to 0.9059.

This high-to-low spread represents a total annual volatility of 0.0621 MAD. From a start-to-finish perspective, comparing the January average rate of 0.9221 to the December average rate of 0.9453, the exchange rate registered a net change of 2.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9680 was down 10.76% compared to the 2013 peak of 1.0847, 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 4,840 MAD

2013 Average 5,012 MAD

Yearly Trough Low 4,530 MAD

Transaction Impact: A difference of 310.55 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9630

0.9100

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 0.9263, compared to 0.9477 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0214 points.

H1 Avg (Jan–Jun) 0.9263

H2 Avg (Jul–Dec) 0.9477

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0336 MAD (High: 0.9613 / Low: 0.9277). On the other end, April was the most stable month, with a tight range of 0.0127 MAD (High: 0.9348 / Low: 0.9221).

December Spread (Volatile) ±0.0336

April Spread (Stable) ±0.0127

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0133 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0133

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.9586) against the same month in 2013 (average: 0.9615), the exchange rate shifted by -0.0029 (-0.30%).

2014 Avg (November) 0.9586

2013 Avg (November) 0.9615

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9382	0.9059	0.9221
February	0.9247	0.9073	0.9145
March	0.9313	0.9087	0.9192
April	0.9348	0.9221	0.9284
May	0.9468	0.9278	0.9399
June	0.9441	0.9278	0.9336
July	0.9479	0.9285	0.9365
August	0.9533	0.9375	0.9449
September	0.9582	0.9420	0.9476
October	0.9651	0.9473	0.9532
November	0.9680	0.9519	0.9586
December	0.9613	0.9277	0.9453