2014 GHS to MAD Historical Review

YEARLY HIGH

3.5267 MAD

YEARLY LOW

2.1610 MAD

YEARLY AVERAGE

2.8103 MAD

2014 GHS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GHS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 3.5267. Conversely, the yearly low was recorded on August 19, dropping to 2.1610.

This high-to-low spread represents a total annual volatility of 1.3657 MAD. From a start-to-finish perspective, comparing the January average rate of 3.4538 to the December average rate of 2.7898, the exchange rate registered a net change of -19.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 3.5267 was down 21.87% compared to the 2013 peak of 4.5138, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17,634 MAD

2013 Average 20,448 MAD

Yearly Trough Low 10,805 MAD

Transaction Impact: A difference of 6,828.36 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

3.5684

2.1930

JanuMarcMayJulySeptNove

GHS 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 3.0485, compared to 2.5722 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4763 points.

H1 Avg (Jan–Jun) 3.0485

H2 Avg (Jul–Dec) 2.5722

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.4438 MAD (High: 2.6751 / Low: 2.2314). On the other end, October was the most stable month, with a tight range of 0.0577 MAD (High: 2.7348 / Low: 2.6770).

September Spread (Volatile) ±0.4438

October Spread (Stable) ±0.0577

Growth Streaks & Declines

Trends

Between August and December, 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 June and July, when the average rate fell by 0.1982 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1982

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 3.4538) against the same month in 2013 (average: 4.4158), the exchange rate shifted by -0.9620 (-21.79%).

2014 Avg (January) 3.4538

2013 Avg (January) 4.4158

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.5267	3.3621	3.4538
February	3.4658	3.1718	3.2974
March	3.1973	3.0375	3.1369
April	3.0351	2.8702	2.9431
May	2.8712	2.7291	2.8091
June	2.7630	2.5061	2.6504
July	2.5233	2.3611	2.4522
August	2.4712	2.1610	2.3077
September	2.6751	2.2314	2.4224
October	2.7348	2.6770	2.7053
November	2.7865	2.7195	2.7559
December	2.8245	2.7518	2.7898