2013 ETB to MAD Historical Review

YEARLY HIGH

0.4718 MAD

YEARLY LOW

0.4243 MAD

YEARLY AVERAGE

0.4495 MAD

2013 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 21, valuing the pair at 0.4718. Conversely, the yearly low was recorded on December 29, dropping to 0.4243.

This high-to-low spread represents a total annual volatility of 0.0474 MAD. From a start-to-finish perspective, comparing the January average rate of 0.4590 to the December average rate of 0.4295, the exchange rate registered a net change of -6.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.4718 was down 6.81% compared to the 2012 peak of 0.5062, 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 2,359 MAD

2012 Average 2,431 MAD

Yearly Trough Low 2,122 MAD

Transaction Impact: A difference of 237.19 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.4679

0.4260

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 0.4584, compared to 0.4405 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0179 points.

H1 Avg (Jan–Jun) 0.4584

H2 Avg (Jul–Dec) 0.4405

Volatility Range Comparison

Volatility

The most volatile month in 2013 was January, with a trading range of 0.0151 MAD (High: 0.4661 / Low: 0.4510). On the other end, August was the most stable month, with a tight range of 0.0061 MAD (High: 0.4495 / Low: 0.4434).

January Spread (Volatile) ±0.0151

August Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0090 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2013: 0.4644) against the same month in 2012 (average: 0.4845), the exchange rate shifted by -0.0201 (-4.15%).

2013 Avg (March) 0.4644

2012 Avg (March) 0.4845

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4661	0.4510	0.4590
February	0.4612	0.4478	0.4545
March	0.4718	0.4608	0.4644
April	0.4678	0.4571	0.4607
May	0.4635	0.4550	0.4596
June	0.4588	0.4462	0.4523
July	0.4614	0.4472	0.4535
August	0.4495	0.4434	0.4458
September	0.4499	0.4379	0.4434
October	0.4397	0.4296	0.4344
November	0.4392	0.4328	0.4363
December	0.4337	0.4243	0.4295