2014 FKP to MAD Historical Review

YEARLY HIGH

14.1968 MAD

YEARLY LOW

13.4138 MAD

YEARLY AVERAGE

13.8486 MAD

2014 FKP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the FKP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 14.1968. Conversely, the yearly low was recorded on March 18, dropping to 13.4138.

This high-to-low spread represents a total annual volatility of 0.7830 MAD. From a start-to-finish perspective, comparing the January average rate of 13.5556 to the December average rate of 13.9713, the exchange rate registered a net change of 3.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 14.1968 was up 3.49% compared to the 2013 peak of 13.7175, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 70,984 MAD

2013 Average 65,755 MAD

Yearly Trough Low 67,069 MAD

Transaction Impact: A difference of 3,915.14 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

14.1903

13.4612

JanuMarcMayJulySeptNove

FKP 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 13.6729, compared to 14.0244 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3514 points.

H1 Avg (Jan–Jun) 13.6729

H2 Avg (Jul–Dec) 14.0244

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.3590 MAD (High: 14.1968 / Low: 13.8378). On the other end, April was the most stable month, with a tight range of 0.1445 MAD (High: 13.6924 / Low: 13.5479).

September Spread (Volatile) ±0.3590

April Spread (Stable) ±0.1445

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1276 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1276

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 14.0408) against the same month in 2013 (average: 13.2815), the exchange rate shifted by +0.7593 (+5.72%).

2014 Avg (September) 14.0408

2013 Avg (September) 13.2815

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.7092	13.4439	13.5556
February	13.7241	13.4843	13.6061
March	13.6631	13.4138	13.5219
April	13.6924	13.5479	13.6219
May	13.8659	13.6943	13.7758
June	14.0568	13.7855	13.9563
July	14.1861	14.0244	14.1295
August	14.0864	13.9238	14.0020
September	14.1968	13.8378	14.0408
October	14.1882	13.8859	14.0485
November	14.1197	13.7676	13.9540
December	14.1133	13.8627	13.9713