2018 KPW to MAD Historical Review

YEARLY HIGH

0.0107 MAD

YEARLY LOW

0.0101 MAD

YEARLY AVERAGE

0.0104 MAD

2018 KPW to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the KPW to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.0107. Conversely, the yearly low was recorded on February 1, dropping to 0.0101.

This high-to-low spread represents a total annual volatility of 0.0006 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0103 to the December average rate of 0.0106, the exchange rate registered a net change of 3.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0107 was down 5.69% compared to the 2017 peak of 0.0113, 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 53 MAD

2017 Average 54 MAD

Yearly Trough Low 51 MAD

Transaction Impact: A difference of 2.75 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0106

0.0102

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 0.0103, compared to 0.0105 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0103

H2 Avg (Jul–Dec) 0.0105

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0003 MAD (High: 0.0106 / Low: 0.0103). On the other end, July was the most stable month, with a tight range of 0.0001 MAD (High: 0.0106 / Low: 0.0105).

May Spread (Volatile) ±0.0003

July Spread (Stable) ±0.0001

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 August and September, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 0.0106) against the same month in 2017 (average: 0.0105), the exchange rate shifted by +0.0001 (+1.24%).

2018 Avg (December) 0.0106

2017 Avg (December) 0.0105

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0104	0.0102	0.0103
February	0.0103	0.0101	0.0102
March	0.0102	0.0101	0.0102
April	0.0103	0.0102	0.0102
May	0.0106	0.0103	0.0105
June	0.0106	0.0105	0.0106
July	0.0106	0.0105	0.0105
August	0.0106	0.0104	0.0105
September	0.0105	0.0104	0.0105
October	0.0106	0.0105	0.0105
November	0.0107	0.0105	0.0106
December	0.0107	0.0105	0.0106