2014 BZD to MAD Historical Review

YEARLY HIGH

4.5321 MAD

YEARLY LOW

4.0212 MAD

YEARLY AVERAGE

4.2098 MAD

2014 BZD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BZD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 4.5321. Conversely, the yearly low was recorded on April 20, dropping to 4.0212.

This high-to-low spread represents a total annual volatility of 0.5109 MAD. From a start-to-finish perspective, comparing the January average rate of 4.1287 to the December average rate of 4.4731, the exchange rate registered a net change of 8.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 4.5321 was up 3.36% compared to the 2013 peak of 4.3847, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 22,660 MAD

2013 Average 21,053 MAD

Yearly Trough Low 20,106 MAD

Transaction Impact: A difference of 2,554.36 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

4.5164

3.9970

JanuMarcMayJulySeptNove

BZD 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 4.0974, compared to 4.3221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2247 points.

H1 Avg (Jan–Jun) 4.0974

H2 Avg (Jul–Dec) 4.3221

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.1467 MAD (High: 4.3938 / Low: 4.2471). On the other end, June was the most stable month, with a tight range of 0.0388 MAD (High: 4.1463 / Low: 4.1075).

September Spread (Volatile) ±0.1467

June Spread (Stable) ±0.0388

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0468 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0468

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 4.4731) against the same month in 2013 (average: 4.1149), the exchange rate shifted by +0.3581 (+8.70%).

2014 Avg (December) 4.4731

2013 Avg (December) 4.1149

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.1531	4.1055	4.1287
February	4.1584	4.0924	4.1267
March	4.1123	4.0529	4.0871
April	4.0665	4.0212	4.0403
May	4.1249	4.0213	4.0727
June	4.1463	4.1075	4.1291
July	4.1792	4.1143	4.1418
August	4.2404	4.1706	4.1979
September	4.3938	4.2471	4.3131
October	4.4089	4.3418	4.3773
November	4.4489	4.4058	4.4294
December	4.5321	4.4148	4.4731