2015 HRK to MAD Historical Review

YEARLY HIGH

1.4562 MAD

YEARLY LOW

1.3939 MAD

YEARLY AVERAGE

1.4214 MAD

2015 HRK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the HRK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 17, valuing the pair at 1.4562. Conversely, the yearly low was recorded on March 15, dropping to 1.3939.

This high-to-low spread represents a total annual volatility of 0.0623 MAD. From a start-to-finish perspective, comparing the January average rate of 1.4166 to the December average rate of 1.4118, the exchange rate registered a net change of -0.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.4562 was down 1.97% compared to the 2014 peak of 1.4855, 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 7,281 MAD

2014 Average 7,313 MAD

Yearly Trough Low 6,970 MAD

Transaction Impact: A difference of 311.46 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.4403

1.3992

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 1.4183, compared to 1.4245 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0062 points.

H1 Avg (Jan–Jun) 1.4183

H2 Avg (Jul–Dec) 1.4245

Volatility Range Comparison

Volatility

The most volatile month in 2015 was August, with a trading range of 0.0389 MAD (High: 1.4560 / Low: 1.4172). On the other end, February was the most stable month, with a tight range of 0.0080 MAD (High: 1.4096 / Low: 1.4016).

August Spread (Volatile) ±0.0389

February Spread (Stable) ±0.0080

Growth Streaks & Declines

Trends

Between March and June, 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 October and November, when the average rate fell by 0.0209 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0209

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2015: 1.4368) against the same month in 2014 (average: 1.4793), the exchange rate shifted by -0.0425 (-2.87%).

2015 Avg (May) 1.4368

2014 Avg (May) 1.4793

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4298	1.4031	1.4166
February	1.4096	1.4016	1.4056
March	1.4085	1.3939	1.4026
April	1.4349	1.4001	1.4111
May	1.4562	1.4200	1.4368
June	1.4456	1.4228	1.4369
July	1.4330	1.4120	1.4236
August	1.4560	1.4172	1.4360
September	1.4490	1.4227	1.4366
October	1.4405	1.4186	1.4298
November	1.4286	1.3954	1.4089
December	1.4178	1.3965	1.4118