2014 KPW to MAD Historical Review

YEARLY HIGH

0.0101 MAD

YEARLY LOW

0.0090 MAD

YEARLY AVERAGE

0.0093 MAD

2014 KPW to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the KPW to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0101. Conversely, the yearly low was recorded on March 17, dropping to 0.0090.

This high-to-low spread represents a total annual volatility of 0.0011 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0091 to the December average rate of 0.0099, the exchange rate registered a net change of 8.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0101 was up 4.64% compared to the 2013 peak of 0.0096, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 50 MAD

2013 Average 47 MAD

Yearly Trough Low 45 MAD

Transaction Impact: A difference of 5.43 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0100

0.0089

JanuMarcMayJulySeptNove

KPW 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 0.0091, compared to 0.0096 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0091

H2 Avg (Jul–Dec) 0.0096

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0003 MAD (High: 0.0097 / Low: 0.0094). On the other end, June was the most stable month, with a tight range of 0.0001 MAD (High: 0.0092 / Low: 0.0091).

September Spread (Volatile) ±0.0003

June Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0001 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0099) against the same month in 2013 (average: 0.0091), the exchange rate shifted by +0.0008 (+8.95%).

2014 Avg (December) 0.0099

2013 Avg (December) 0.0091

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0092	0.0091	0.0091
February	0.0092	0.0091	0.0091
March	0.0091	0.0090	0.0090
April	0.0091	0.0090	0.0090
May	0.0092	0.0090	0.0091
June	0.0092	0.0091	0.0092
July	0.0093	0.0091	0.0092
August	0.0094	0.0093	0.0093
September	0.0097	0.0094	0.0096
October	0.0098	0.0096	0.0097
November	0.0099	0.0098	0.0098
December	0.0101	0.0098	0.0099