2014 GTQ to MAD Historical Review

YEARLY HIGH

1.1915 MAD

YEARLY LOW

1.0416 MAD

YEARLY AVERAGE

1.0878 MAD

2014 GTQ to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GTQ to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.1915. Conversely, the yearly low was recorded on January 11, dropping to 1.0416.

This high-to-low spread represents a total annual volatility of 0.1499 MAD. From a start-to-finish perspective, comparing the January average rate of 1.0492 to the December average rate of 1.1719, the exchange rate registered a net change of 11.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.1915 was up 6.96% compared to the 2013 peak of 1.1140, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,958 MAD

2013 Average 5,350 MAD

Yearly Trough Low 5,208 MAD

Transaction Impact: A difference of 749.55 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1842

1.0369

JanuMarcMayJulySeptNove

GTQ 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 1.0538, compared to 1.1217 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0679 points.

H1 Avg (Jan–Jun) 1.0538

H2 Avg (Jul–Dec) 1.1217

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0493 MAD (High: 1.1399 / Low: 1.0907). On the other end, June was the most stable month, with a tight range of 0.0071 MAD (High: 1.0596 / Low: 1.0525).

September Spread (Volatile) ±0.0493

June Spread (Stable) ±0.0071

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0054 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.1719) against the same month in 2013 (average: 1.0429), the exchange rate shifted by +0.1290 (+12.37%).

2014 Avg (December) 1.1719

2013 Avg (December) 1.0429

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0591	1.0416	1.0492
February	1.0629	1.0519	1.0575
March	1.0587	1.0460	1.0521
April	1.0554	1.0440	1.0493
May	1.0633	1.0493	1.0580
June	1.0596	1.0525	1.0566
July	1.0697	1.0566	1.0652
August	1.0916	1.0654	1.0739
September	1.1399	1.0907	1.1142
October	1.1560	1.1357	1.1430
November	1.1678	1.1550	1.1621
December	1.1915	1.1561	1.1719