2012 GIP to MAD Historical Review

YEARLY HIGH

14.2980 MAD

YEARLY LOW

13.1949 MAD

YEARLY AVERAGE

13.6942 MAD

2012 GIP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the GIP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 14.2980. Conversely, the yearly low was recorded on February 26, dropping to 13.1949.

This high-to-low spread represents a total annual volatility of 1.1031 MAD. From a start-to-finish perspective, comparing the January average rate of 13.3615 to the December average rate of 13.6374, the exchange rate registered a net change of 2.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 14.2980 was up 6.67% compared to the 2011 peak of 13.4039, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 71,490 MAD

2011 Average 64,861 MAD

Yearly Trough Low 65,974 MAD

Transaction Impact: A difference of 5,515.56 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

14.1884

13.2599

JanuMarcMayJulySeptNove

GIP 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 13.5160, compared to 13.8723 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3563 points.

H1 Avg (Jan–Jun) 13.5160

H2 Avg (Jul–Dec) 13.8723

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.5597 MAD (High: 14.2980 / Low: 13.7383). On the other end, January was the most stable month, with a tight range of 0.1493 MAD (High: 13.4507 / Low: 13.3013).

July Spread (Volatile) ±0.5597

January Spread (Stable) ±0.1493

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.2449 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2449

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 14.1111) against the same month in 2011 (average: 12.7703), the exchange rate shifted by +1.3408 (+10.50%).

2012 Avg (July) 14.1111

2011 Avg (July) 12.7703

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.4507	13.3013	13.3615
February	13.4548	13.1949	13.3373
March	13.4348	13.2815	13.3699
April	13.7034	13.3519	13.5556
May	13.8871	13.6745	13.7843
June	13.8096	13.6085	13.6877
July	14.2980	13.7383	14.1111
August	14.1978	13.9731	14.0900
September	14.0217	13.6661	13.8451
October	13.8390	13.6076	13.7345
November	13.8941	13.6921	13.8161
December	13.7691	13.5244	13.6374