2015 ILS to MAD Historical Review

YEARLY HIGH

2.6042 MAD

YEARLY LOW

2.3191 MAD

YEARLY AVERAGE

2.5094 MAD

2015 ILS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ILS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 2.6042. Conversely, the yearly low was recorded on January 5, dropping to 2.3191.

This high-to-low spread represents a total annual volatility of 0.2852 MAD. From a start-to-finish perspective, comparing the January average rate of 2.3735 to the December average rate of 2.5550, the exchange rate registered a net change of 7.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.6042 was up 6.65% compared to the 2014 peak of 2.4418, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,021 MAD

2014 Average 11,765 MAD

Yearly Trough Low 11,595 MAD

Transaction Impact: A difference of 1,425.76 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.6103

2.3520

JanuMarcMayJulySeptNove

ILS 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 2.4786, compared to 2.5402 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0616 points.

H1 Avg (Jan–Jun) 2.4786

H2 Avg (Jul–Dec) 2.5402

Volatility Range Comparison

Volatility

The most volatile month in 2015 was August, with a trading range of 0.1427 MAD (High: 2.6039 / Low: 2.4612). On the other end, July was the most stable month, with a tight range of 0.0321 MAD (High: 2.6042 / Low: 2.5721).

August Spread (Volatile) ±0.1427

July Spread (Stable) ±0.0321

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 August and September, when the average rate fell by 0.0610 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0610

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2015: 2.5888) against the same month in 2014 (average: 2.4174), the exchange rate shifted by +0.1713 (+7.09%).

2015 Avg (July) 2.5888

2014 Avg (July) 2.4174

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4376	2.3191	2.3735
February	2.4760	2.4165	2.4496
March	2.5113	2.4127	2.4740
April	2.5432	2.4916	2.5210
May	2.5474	2.4998	2.5180
June	2.5847	2.5142	2.5355
July	2.6042	2.5721	2.5888
August	2.6039	2.4612	2.5408
September	2.5011	2.4622	2.4799
October	2.5444	2.4710	2.5118
November	2.5972	2.5357	2.5648
December	2.5918	2.5359	2.5550