2014 JOD to MAD Historical Review

YEARLY HIGH

12.8069 MAD

YEARLY LOW

11.4321 MAD

YEARLY AVERAGE

11.8829 MAD

2014 JOD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the JOD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 12.8069. Conversely, the yearly low was recorded on May 6, dropping to 11.4321.

This high-to-low spread represents a total annual volatility of 1.3748 MAD. From a start-to-finish perspective, comparing the January average rate of 11.6445 to the December average rate of 12.6226, the exchange rate registered a net change of 8.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 12.8069 was up 4.77% compared to the 2013 peak of 12.2240, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,034 MAD

2013 Average 59,365 MAD

Yearly Trough Low 57,160 MAD

Transaction Impact: A difference of 6,873.96 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

12.7360

11.3759

JanuMarcMayJulySeptNove

JOD 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 11.5726, compared to 12.1931 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6205 points.

H1 Avg (Jan–Jun) 11.5726

H2 Avg (Jul–Dec) 12.1931

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.3735 MAD (High: 12.3456 / Low: 11.9721). On the other end, March was the most stable month, with a tight range of 0.1136 MAD (High: 11.5464 / Low: 11.4328).

September Spread (Volatile) ±0.3735

March Spread (Stable) ±0.1136

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1146 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 12.6226) against the same month in 2013 (average: 11.5935), the exchange rate shifted by +1.0291 (+8.88%).

2014 Avg (December) 12.6226

2013 Avg (December) 11.5935

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.7282	11.5444	11.6445
February	11.7494	11.5147	11.6127
March	11.5464	11.4328	11.4981
April	11.5675	11.4460	11.4892
May	11.6382	11.4321	11.5489
June	11.6942	11.5669	11.6424
July	11.8001	11.5971	11.6846
August	11.9755	11.7691	11.8490
September	12.3456	11.9721	12.1598
October	12.4634	12.2259	12.3288
November	12.5922	12.4468	12.5138
December	12.8069	12.4409	12.6226