2018 ETB to MAD Historical Review

YEARLY HIGH

0.3474 MAD

YEARLY LOW

0.3308 MAD

YEARLY AVERAGE

0.3392 MAD

2018 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 29, valuing the pair at 0.3474. Conversely, the yearly low was recorded on February 1, dropping to 0.3308.

This high-to-low spread represents a total annual volatility of 0.0166 MAD. From a start-to-finish perspective, comparing the January average rate of 0.3371 to the December average rate of 0.3383, the exchange rate registered a net change of 0.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.3474 was down 23.38% compared to the 2017 peak of 0.4534, 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 1,737 MAD

2017 Average 2,037 MAD

Yearly Trough Low 1,654 MAD

Transaction Impact: A difference of 83.08 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.3456

0.3329

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 0.3379, compared to 0.3406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.3379

H2 Avg (Jul–Dec) 0.3406

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0106 MAD (High: 0.3423 / Low: 0.3317). On the other end, July was the most stable month, with a tight range of 0.0037 MAD (High: 0.3447 / Low: 0.3410).

January Spread (Volatile) ±0.0106

July Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0038 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2018: 0.3423) against the same month in 2017 (average: 0.4274), the exchange rate shifted by -0.0851 (-19.91%).

2018 Avg (May) 0.3423

2017 Avg (May) 0.4274

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3423	0.3317	0.3371
February	0.3374	0.3308	0.3342
March	0.3357	0.3312	0.3340
April	0.3381	0.3331	0.3352
May	0.3474	0.3379	0.3423
June	0.3467	0.3423	0.3446
July	0.3447	0.3410	0.3430
August	0.3470	0.3394	0.3431
September	0.3434	0.3345	0.3392
October	0.3450	0.3380	0.3402
November	0.3436	0.3375	0.3397
December	0.3436	0.3356	0.3383