2012 ETB to MAD Historical Review

YEARLY HIGH

0.5062 MAD

YEARLY LOW

0.4604 MAD

YEARLY AVERAGE

0.4862 MAD

2012 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 0.5062. Conversely, the yearly low was recorded on December 19, dropping to 0.4604.

This high-to-low spread represents a total annual volatility of 0.0459 MAD. From a start-to-finish perspective, comparing the January average rate of 0.4977 to the December average rate of 0.4658, the exchange rate registered a net change of -6.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.5062 was down 25.15% compared to the 2011 peak of 0.6763, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,531 MAD

2011 Average 2,584 MAD

Yearly Trough Low 2,302 MAD

Transaction Impact: A difference of 229.31 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.5042

0.4623

JanuMarcMayJulySeptNove

ETB 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 0.4905, compared to 0.4818 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0087 points.

H1 Avg (Jan–Jun) 0.4905

H2 Avg (Jul–Dec) 0.4818

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0223 MAD (High: 0.5039 / Low: 0.4816). On the other end, October was the most stable month, with a tight range of 0.0080 MAD (High: 0.4772 / Low: 0.4691).

May Spread (Volatile) ±0.0223

October Spread (Stable) ±0.0080

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0160 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0160

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 0.5007) against the same month in 2011 (average: 0.4661), the exchange rate shifted by +0.0346 (+7.43%).

2012 Avg (July) 0.5007

2011 Avg (July) 0.4661

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5054	0.4880	0.4977
February	0.4927	0.4784	0.4858
March	0.4905	0.4804	0.4845
April	0.4894	0.4807	0.4849
May	0.5039	0.4816	0.4923
June	0.5054	0.4919	0.4978
July	0.5062	0.4929	0.5007
August	0.5009	0.4875	0.4952
September	0.4895	0.4714	0.4791
October	0.4772	0.4691	0.4737
November	0.4802	0.4703	0.4764
December	0.4720	0.4604	0.4658