2014 GNF to MAD Historical Review

YEARLY HIGH

0.0013 MAD

YEARLY LOW

0.0011 MAD

YEARLY AVERAGE

0.0012 MAD

2014 GNF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GNF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0013. Conversely, the yearly low was recorded on March 17, dropping to 0.0011.

This high-to-low spread represents a total annual volatility of 0.0002 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0012 to the December average rate of 0.0013, the exchange rate registered a net change of 7.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0013 was up 3.20% compared to the 2013 peak of 0.0012, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6 MAD

2013 Average 6 MAD

Yearly Trough Low 6 MAD

Transaction Impact: A difference of 0.76 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0013

0.0011

JanuMarcMayJulySeptNove

GNF 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 0.0012, compared to 0.0012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0012

H2 Avg (Jul–Dec) 0.0012

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.0000 MAD (High: 0.0012 / Low: 0.0011). On the other end, April was the most stable month, with a tight range of 0.0000 MAD (High: 0.0012 / Low: 0.0012).

March Spread (Volatile) ±0.0000

April Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0000 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0013) against the same month in 2013 (average: 0.0012), the exchange rate shifted by +0.0001 (+7.65%).

2014 Avg (December) 0.0013

2013 Avg (December) 0.0012

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0012	0.0012	0.0012
February	0.0012	0.0012	0.0012
March	0.0012	0.0011	0.0012
April	0.0012	0.0012	0.0012
May	0.0012	0.0012	0.0012
June	0.0012	0.0012	0.0012
July	0.0012	0.0012	0.0012
August	0.0012	0.0012	0.0012
September	0.0012	0.0012	0.0012
October	0.0013	0.0012	0.0012
November	0.0013	0.0012	0.0013
December	0.0013	0.0012	0.0013