2018 FJD to MAD Historical Review

YEARLY HIGH

4.6120 MAD

YEARLY LOW

4.3740 MAD

YEARLY AVERAGE

4.5088 MAD

2018 FJD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the FJD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 4.6120. Conversely, the yearly low was recorded on October 14, dropping to 4.3740.

This high-to-low spread represents a total annual volatility of 0.2380 MAD. From a start-to-finish perspective, comparing the January average rate of 4.5790 to the December average rate of 4.4934, the exchange rate registered a net change of -1.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 4.6120 was down 6.84% compared to the 2017 peak of 4.9505, 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 23,060 MAD

2017 Average 23,562 MAD

Yearly Trough Low 21,870 MAD

Transaction Impact: A difference of 1,190.19 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

4.5947

4.4059

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 4.5449, compared to 4.4728 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0721 points.

H1 Avg (Jan–Jun) 4.5449

H2 Avg (Jul–Dec) 4.4728

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.1423 MAD (High: 4.6079 / Low: 4.4656). On the other end, February was the most stable month, with a tight range of 0.0523 MAD (High: 4.5760 / Low: 4.5237).

May Spread (Volatile) ±0.1423

February Spread (Stable) ±0.0523

Growth Streaks & Declines

Trends

Between April and June, 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 August and September, when the average rate fell by 0.0661 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0661

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 4.5790) against the same month in 2017 (average: 4.8322), the exchange rate shifted by -0.2532 (-5.24%).

2018 Avg (January) 4.5790

2017 Avg (January) 4.8322

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.6120	4.5379	4.5790
February	4.5760	4.5237	4.5535
March	4.5633	4.4851	4.5240
April	4.5557	4.4778	4.5143
May	4.6079	4.4656	4.5302
June	4.6108	4.5048	4.5685
July	4.5336	4.4663	4.5087
August	4.5262	4.4590	4.4933
September	4.4704	4.3962	4.4272
October	4.4601	4.3740	4.4217
November	4.5201	4.4120	4.4921
December	4.5365	4.4470	4.4934