2013 CDF to MAD Historical Review

YEARLY HIGH

0.0094 MAD

YEARLY LOW

0.0088 MAD

YEARLY AVERAGE

0.0091 MAD

2013 CDF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the CDF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 0.0094. Conversely, the yearly low was recorded on December 29, dropping to 0.0088.

This high-to-low spread represents a total annual volatility of 0.0006 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0091 to the December average rate of 0.0089, the exchange rate registered a net change of -2.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.0094 was down 4.14% compared to the 2012 peak of 0.0098, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 47 MAD

2012 Average 47 MAD

Yearly Trough Low 44 MAD

Transaction Impact: A difference of 3.08 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.0093

0.0088

JanuMarcMayJulySeptNove

CDF 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 0.0092, compared to 0.0090 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0092

H2 Avg (Jul–Dec) 0.0090

Volatility Range Comparison

Volatility

The most volatile month in 2013 was July, with a trading range of 0.0003 MAD (High: 0.0094 / Low: 0.0091). On the other end, November was the most stable month, with a tight range of 0.0001 MAD (High: 0.0091 / Low: 0.0089).

July Spread (Volatile) ±0.0003

November Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and May, 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 September and October, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2013: 0.0093) against the same month in 2012 (average: 0.0092), the exchange rate shifted by +0.0000 (+0.28%).

2013 Avg (April) 0.0093

2012 Avg (April) 0.0092

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0093	0.0090	0.0091
February	0.0092	0.0089	0.0091
March	0.0094	0.0092	0.0093
April	0.0094	0.0092	0.0093
May	0.0094	0.0091	0.0093
June	0.0093	0.0091	0.0092
July	0.0094	0.0091	0.0092
August	0.0092	0.0090	0.0091
September	0.0092	0.0089	0.0090
October	0.0090	0.0088	0.0089
November	0.0091	0.0089	0.0090
December	0.0090	0.0088	0.0089