2012 HRK to MAD Historical Review

YEARLY HIGH

1.5063 MAD

YEARLY LOW

1.4445 MAD

YEARLY AVERAGE

1.4756 MAD

2012 HRK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the HRK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 17, valuing the pair at 1.5063. Conversely, the yearly low was recorded on July 29, dropping to 1.4445.

This high-to-low spread represents a total annual volatility of 0.0618 MAD. From a start-to-finish perspective, comparing the January average rate of 1.4706 to the December average rate of 1.4791, the exchange rate registered a net change of 0.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.5063 was down 2.73% compared to the 2011 peak of 1.5485, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,532 MAD

2011 Average 7,569 MAD

Yearly Trough Low 7,222 MAD

Transaction Impact: A difference of 309.20 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.4976

1.4605

JanuMarcMayJulySeptNove

HRK 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 1.4738, compared to 1.4775 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0036 points.

H1 Avg (Jan–Jun) 1.4738

H2 Avg (Jul–Dec) 1.4775

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0346 MAD (High: 1.4893 / Low: 1.4547). On the other end, December was the most stable month, with a tight range of 0.0091 MAD (High: 1.4833 / Low: 1.4742).

May Spread (Volatile) ±0.0346

December Spread (Stable) ±0.0091

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0159 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0159

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2012: 1.4945) against the same month in 2011 (average: 1.5012), the exchange rate shifted by -0.0067 (-0.45%).

2012 Avg (September) 1.4945

2011 Avg (September) 1.5012

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4780	1.4655	1.4706
February	1.4820	1.4648	1.4709
March	1.4888	1.4732	1.4799
April	1.4933	1.4785	1.4869
May	1.4893	1.4547	1.4709
June	1.4692	1.4552	1.4636
July	1.4761	1.4445	1.4664
August	1.4792	1.4613	1.4724
September	1.5063	1.4795	1.4945
October	1.4952	1.4688	1.4806
November	1.4770	1.4676	1.4717
December	1.4833	1.4742	1.4791