2015 BWP to MAD Historical Review

YEARLY HIGH

1.0150 MAD

YEARLY LOW

0.8695 MAD

YEARLY AVERAGE

0.9637 MAD

2015 BWP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BWP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 9, valuing the pair at 1.0150. Conversely, the yearly low was recorded on December 11, dropping to 0.8695.

This high-to-low spread represents a total annual volatility of 0.1455 MAD. From a start-to-finish perspective, comparing the January average rate of 0.9771 to the December average rate of 0.8970, the exchange rate registered a net change of -8.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.0150 was up 4.85% compared to the 2014 peak of 0.9680, 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 5,075 MAD

2014 Average 4,686 MAD

Yearly Trough Low 4,348 MAD

Transaction Impact: A difference of 727.40 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.0137

0.8864

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 0.9900, compared to 0.9375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0525 points.

H1 Avg (Jan–Jun) 0.9900

H2 Avg (Jul–Dec) 0.9375

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0597 MAD (High: 0.9292 / Low: 0.8695). On the other end, March was the most stable month, with a tight range of 0.0136 MAD (High: 1.0048 / Low: 0.9912).

December Spread (Volatile) ±0.0597

March Spread (Stable) ±0.0136

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 November and December, when the average rate fell by 0.0327 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0327

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2015: 1.0031) against the same month in 2014 (average: 0.9284), the exchange rate shifted by +0.0747 (+8.05%).

2015 Avg (April) 1.0031

2014 Avg (April) 0.9284

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0095	0.9509	0.9771
February	1.0057	0.9831	0.9929
March	1.0048	0.9912	0.9982
April	1.0150	0.9939	1.0031
May	1.0080	0.9825	0.9930
June	0.9870	0.9604	0.9755
July	0.9895	0.9683	0.9789
August	0.9769	0.9306	0.9572
September	0.9418	0.9148	0.9284
October	0.9439	0.9193	0.9340
November	0.9362	0.9215	0.9297
December	0.9292	0.8695	0.8970