2015 ETB to MAD Historical Review

YEARLY HIGH

0.4964 MAD

YEARLY LOW

0.4479 MAD

YEARLY AVERAGE

0.4713 MAD

2015 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 0.4964. Conversely, the yearly low was recorded on January 1, dropping to 0.4479.

This high-to-low spread represents a total annual volatility of 0.0484 MAD. From a start-to-finish perspective, comparing the January average rate of 0.4626 to the December average rate of 0.4686, the exchange rate registered a net change of 1.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.4964 was up 10.84% compared to the 2014 peak of 0.4478, 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 2,482 MAD

2014 Average 2,138 MAD

Yearly Trough Low 2,240 MAD

Transaction Impact: A difference of 242.08 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.4877

0.4603

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 0.4742, compared to 0.4685 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0057 points.

H1 Avg (Jan–Jun) 0.4742

H2 Avg (Jul–Dec) 0.4685

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0295 MAD (High: 0.4775 / Low: 0.4479). On the other end, February was the most stable month, with a tight range of 0.0055 MAD (High: 0.4728 / Low: 0.4673).

January Spread (Volatile) ±0.0295

February Spread (Stable) ±0.0055

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0116 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0116

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 0.4854) against the same month in 2014 (average: 0.4215), the exchange rate shifted by +0.0639 (+15.16%).

2015 Avg (March) 0.4854

2014 Avg (March) 0.4215

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4775	0.4479	0.4626
February	0.4728	0.4673	0.4697
March	0.4964	0.4736	0.4854
April	0.4917	0.4737	0.4849
May	0.4794	0.4658	0.4733
June	0.4786	0.4653	0.4692
July	0.4777	0.4696	0.4730
August	0.4757	0.4577	0.4682
September	0.4673	0.4601	0.4643
October	0.4690	0.4574	0.4630
November	0.4780	0.4663	0.4738
December	0.4765	0.4652	0.4686