2014 HTG to MAD Historical Review

YEARLY HIGH

0.2107 MAD

YEARLY LOW

0.1781 MAD

YEARLY AVERAGE

0.1891 MAD

2014 HTG to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HTG to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.2107. Conversely, the yearly low was recorded on March 13, dropping to 0.1781.

This high-to-low spread represents a total annual volatility of 0.0326 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1918 to the December average rate of 0.1921, the exchange rate registered a net change of 0.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2107 was down 0.85% compared to the 2013 peak of 0.2125, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,054 MAD

2013 Average 989 MAD

Yearly Trough Low 891 MAD

Transaction Impact: A difference of 163.01 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2061

0.1796

JanuMarcMayJulySeptNove

HTG 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 0.1877, compared to 0.1904 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.1877

H2 Avg (Jul–Dec) 0.1904

Volatility Range Comparison

Volatility

The most volatile month in 2014 was February, with a trading range of 0.0251 MAD (High: 0.2107 / Low: 0.1856). On the other end, June was the most stable month, with a tight range of 0.0021 MAD (High: 0.1840 / Low: 0.1819).

February Spread (Volatile) ±0.0251

June Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between May and October, 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 0.0200 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0200

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2014: 0.2039) against the same month in 2013 (average: 0.1965), the exchange rate shifted by +0.0073 (+3.74%).

2014 Avg (February) 0.2039

2013 Avg (February) 0.1965

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1998	0.1869	0.1918
February	0.2107	0.1856	0.2039
March	0.1871	0.1781	0.1839
April	0.1837	0.1807	0.1822
May	0.1829	0.1798	0.1818
June	0.1840	0.1819	0.1828
July	0.1861	0.1828	0.1844
August	0.1895	0.1842	0.1867
September	0.1962	0.1898	0.1923
October	0.1974	0.1929	0.1949
November	0.1961	0.1896	0.1920
December	0.1946	0.1896	0.1921