2014 CRC to MAD Historical Review

YEARLY HIGH

0.0168 MAD

YEARLY LOW

0.0144 MAD

YEARLY AVERAGE

0.0157 MAD

2014 CRC to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CRC to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 0.0168. Conversely, the yearly low was recorded on March 12, dropping to 0.0144.

This high-to-low spread represents a total annual volatility of 0.0024 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0164 to the December average rate of 0.0167, the exchange rate registered a net change of 1.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0168 was down 2.78% compared to the 2013 peak of 0.0173, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 84 MAD

2013 Average 84 MAD

Yearly Trough Low 72 MAD

Transaction Impact: A difference of 12.02 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0169

0.0146

JanuMarcMayJulySeptNove

CRC 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 0.0154, compared to 0.0160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0154

H2 Avg (Jul–Dec) 0.0160

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.0017 MAD (High: 0.0161 / Low: 0.0144). On the other end, June was the most stable month, with a tight range of 0.0002 MAD (High: 0.0151 / Low: 0.0149).

March Spread (Volatile) ±0.0017

June Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0010 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0167) against the same month in 2013 (average: 0.0165), the exchange rate shifted by +0.0002 (+1.29%).

2014 Avg (December) 0.0167

2013 Avg (December) 0.0165

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0165	0.0163	0.0164
February	0.0162	0.0159	0.0161
March	0.0161	0.0144	0.0151
April	0.0150	0.0147	0.0148
May	0.0149	0.0146	0.0148
June	0.0151	0.0149	0.0149
July	0.0155	0.0151	0.0153
August	0.0157	0.0154	0.0155
September	0.0162	0.0156	0.0159
October	0.0163	0.0161	0.0162
November	0.0166	0.0163	0.0164
December	0.0168	0.0165	0.0167