2013 MAD to AFN Historical Review

YEARLY HIGH

7.1260 AFN

YEARLY LOW

6.0277 AFN

YEARLY AVERAGE

6.5150 AFN

2013 MAD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MAD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 7.1260. Conversely, the yearly low was recorded on January 9, dropping to 6.0277.

This high-to-low spread represents a total annual volatility of 1.0983 AFN. From a start-to-finish perspective, comparing the January average rate of 6.1197 to the December average rate of 6.9531, the exchange rate registered a net change of 13.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 7.1260 was up 15.65% compared to the 2012 peak of 6.1615, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 35,630 AFN

2012 Average 28,411 AFN

Yearly Trough Low 30,139 AFN

Transaction Impact: A difference of 5,491.25 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

7.0365

6.0364

JanuMarcMayJulySeptNove

MAD to AFN 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 6.2509, compared to 6.7792 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5283 points.

H1 Avg (Jan–Jun) 6.2509

H2 Avg (Jul–Dec) 6.7792

Volatility Range Comparison

Volatility

The most volatile month in 2013 was December, with a trading range of 0.4377 AFN (High: 7.1260 / Low: 6.6883). On the other end, February was the most stable month, with a tight range of 0.0816 AFN (High: 6.2267 / Low: 6.1451).

December Spread (Volatile) ±0.4377

February Spread (Stable) ±0.0816

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2013: 6.9531) against the same month in 2012 (average: 6.0611), the exchange rate shifted by +0.8921 (+14.72%).

2013 Avg (December) 6.9531

2012 Avg (December) 6.0611

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.2005	6.0277	6.1197
February	6.2267	6.1451	6.1887
March	6.2751	6.1254	6.1939
April	6.3074	6.1399	6.2601
May	6.3417	6.2001	6.2687
June	6.5667	6.3260	6.4740
July	6.7190	6.4195	6.5823
August	6.7164	6.6039	6.6699
September	6.8497	6.6214	6.7060
October	6.9890	6.7462	6.8678
November	7.0721	6.8299	6.8959
December	7.1260	6.6883	6.9531