2014 FJD to MAD Historical Review

YEARLY HIGH

4.6241 MAD

YEARLY LOW

4.3197 MAD

YEARLY AVERAGE

4.4741 MAD

2014 FJD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the FJD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 4.6241. Conversely, the yearly low was recorded on March 17, dropping to 4.3197.

This high-to-low spread represents a total annual volatility of 0.3044 MAD. From a start-to-finish perspective, comparing the January average rate of 4.3681 to the December average rate of 4.5150, the exchange rate registered a net change of 3.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 4.6241 was down 5.12% compared to the 2013 peak of 4.8736, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 23,120 MAD

2013 Average 22,974 MAD

Yearly Trough Low 21,599 MAD

Transaction Impact: A difference of 1,521.82 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

4.5848

4.3484

JanuMarcMayJulySeptNove

FJD 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 4.4163, compared to 4.5319 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1155 points.

H1 Avg (Jan–Jun) 4.4163

H2 Avg (Jul–Dec) 4.5319

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.1333 MAD (High: 4.4530 / Low: 4.3197). On the other end, April was the most stable month, with a tight range of 0.0445 MAD (High: 4.4470 / Low: 4.4025).

March Spread (Volatile) ±0.1333

April Spread (Stable) ±0.0445

Growth Streaks & Declines

Trends

Between March and September, 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 November and December, when the average rate fell by 0.0321 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0321

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 4.5651) against the same month in 2013 (average: 4.4895), the exchange rate shifted by +0.0756 (+1.68%).

2014 Avg (September) 4.5651

2013 Avg (September) 4.4895

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.4090	4.3275	4.3681
February	4.4111	4.3475	4.3760
March	4.4530	4.3197	4.3708
April	4.4470	4.4025	4.4291
May	4.4828	4.4206	4.4584
June	4.5371	4.4615	4.4955
July	4.5370	4.4840	4.5072
August	4.5783	4.4913	4.5196
September	4.6241	4.5320	4.5651
October	4.5755	4.5007	4.5372
November	4.5891	4.5239	4.5471
December	4.5660	4.4656	4.5150