2014 EGP to MAD Historical Review

YEARLY HIGH

1.2668 MAD

YEARLY LOW

1.1472 MAD

YEARLY AVERAGE

1.1874 MAD

2014 EGP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the EGP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.2668. Conversely, the yearly low was recorded on June 30, dropping to 1.1472.

This high-to-low spread represents a total annual volatility of 0.1196 MAD. From a start-to-finish perspective, comparing the January average rate of 1.1826 to the December average rate of 1.2501, the exchange rate registered a net change of 5.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.2668 was down 4.68% compared to the 2013 peak of 1.3291, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,334 MAD

2013 Average 6,117 MAD

Yearly Trough Low 5,736 MAD

Transaction Impact: A difference of 598.00 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.2597

1.1438

JanuMarcMayJulySeptNove

EGP 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 1.1673, compared to 1.2076 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0403 points.

H1 Avg (Jan–Jun) 1.1673

H2 Avg (Jul–Dec) 1.2076

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0383 MAD (High: 1.2242 / Low: 1.1859). On the other end, June was the most stable month, with a tight range of 0.0105 MAD (High: 1.1577 / Low: 1.1472).

September Spread (Volatile) ±0.0383

June Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0118 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0118

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.2501) against the same month in 2013 (average: 1.1889), the exchange rate shifted by +0.0611 (+5.14%).

2014 Avg (December) 1.2501

2013 Avg (December) 1.1889

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1905	1.1758	1.1826
February	1.1920	1.1707	1.1800
March	1.1743	1.1613	1.1682
April	1.1752	1.1578	1.1649
May	1.1611	1.1502	1.1544
June	1.1577	1.1472	1.1535
July	1.1681	1.1494	1.1579
August	1.1856	1.1648	1.1728
September	1.2242	1.1859	1.2048
October	1.2337	1.2135	1.2223
November	1.2429	1.2311	1.2375
December	1.2668	1.2345	1.2501