2014 DJF to MAD Historical Review

YEARLY HIGH

0.0508 MAD

YEARLY LOW

0.0452 MAD

YEARLY AVERAGE

0.0471 MAD

2014 DJF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the DJF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0508. Conversely, the yearly low was recorded on May 6, dropping to 0.0452.

This high-to-low spread represents a total annual volatility of 0.0055 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0462 to the December average rate of 0.0501, the exchange rate registered a net change of 8.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0508 was up 3.89% compared to the 2013 peak of 0.0489, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 254 MAD

2013 Average 237 MAD

Yearly Trough Low 226 MAD

Transaction Impact: A difference of 27.55 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0506

0.0451

JanuMarcMayJulySeptNove

DJF 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 0.0459, compared to 0.0484 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0459

H2 Avg (Jul–Dec) 0.0484

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0017 MAD (High: 0.0491 / Low: 0.0474). On the other end, June was the most stable month, with a tight range of 0.0005 MAD (High: 0.0464 / Low: 0.0459).

September Spread (Volatile) ±0.0017

June Spread (Stable) ±0.0005

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 February and March, when the average rate fell by 0.0005 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0501) against the same month in 2013 (average: 0.0461), the exchange rate shifted by +0.0040 (+8.79%).

2014 Avg (December) 0.0501

2013 Avg (December) 0.0461

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0466	0.0459	0.0462
February	0.0466	0.0458	0.0461
March	0.0461	0.0453	0.0457
April	0.0462	0.0453	0.0456
May	0.0462	0.0452	0.0458
June	0.0464	0.0459	0.0462
July	0.0467	0.0459	0.0463
August	0.0475	0.0464	0.0469
September	0.0491	0.0474	0.0482
October	0.0495	0.0485	0.0490
November	0.0498	0.0491	0.0496
December	0.0508	0.0494	0.0501