2014 GEL to MAD Historical Review

YEARLY HIGH

5.1310 MAD

YEARLY LOW

4.5887 MAD

YEARLY AVERAGE

4.7789 MAD

2014 GEL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 5.1310. Conversely, the yearly low was recorded on April 30, dropping to 4.5887.

This high-to-low spread represents a total annual volatility of 0.5423 MAD. From a start-to-finish perspective, comparing the January average rate of 4.6701 to the December average rate of 5.0163, the exchange rate registered a net change of 7.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 5.1310 was down 2.89% compared to the 2013 peak of 5.2838, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 25,655 MAD

2013 Average 25,259 MAD

Yearly Trough Low 22,944 MAD

Transaction Impact: A difference of 2,711.40 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

5.0553

4.5875

JanuMarcMayJulySeptNove

GEL 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 4.6563, compared to 4.9015 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2452 points.

H1 Avg (Jan–Jun) 4.6563

H2 Avg (Jul–Dec) 4.9015

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.2892 MAD (High: 5.1310 / Low: 4.8418). On the other end, March was the most stable month, with a tight range of 0.0351 MAD (High: 4.6673 / Low: 4.6321).

December Spread (Volatile) ±0.2892

March Spread (Stable) ±0.0351

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0383 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0383

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 5.0163) against the same month in 2013 (average: 4.7355), the exchange rate shifted by +0.2808 (+5.93%).

2014 Avg (December) 5.0163

2013 Avg (December) 4.7355

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.7142	4.6185	4.6701
February	4.7303	4.6507	4.6862
March	4.6673	4.6321	4.6479
April	4.6699	4.5887	4.6265
May	4.6709	4.5931	4.6394
June	4.6939	4.6459	4.6675
July	4.7895	4.6544	4.7021
August	4.8584	4.7701	4.8110
September	4.9842	4.8486	4.9169
October	5.0223	4.9356	4.9729
November	5.0602	4.8971	4.9896
December	5.1310	4.8418	5.0163