2015 MAD to AFN Historical Review

YEARLY HIGH

6.9688 AFN

YEARLY LOW

5.6965 AFN

YEARLY AVERAGE

6.2795 AFN

2015 MAD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MAD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 6.9688. Conversely, the yearly low was recorded on March 14, dropping to 5.6965.

This high-to-low spread represents a total annual volatility of 1.2723 AFN. From a start-to-finish perspective, comparing the January average rate of 6.1646 to the December average rate of 6.8247, the exchange rate registered a net change of 10.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 6.9688 was down 1.26% compared to the 2014 peak of 7.0578, 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 34,844 AFN

2014 Average 33,903 AFN

Yearly Trough Low 28,482 AFN

Transaction Impact: A difference of 6,361.66 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

6.9245

5.7267

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 6.0012, compared to 6.5578 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5566 points.

H1 Avg (Jan–Jun) 6.0012

H2 Avg (Jul–Dec) 6.5578

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.4796 AFN (High: 6.4169 / Low: 5.9373). On the other end, February was the most stable month, with a tight range of 0.0930 AFN (High: 6.0421 / Low: 5.9492).

January Spread (Volatile) ±0.4796

February Spread (Stable) ±0.0930

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 0.1831 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.1831

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 6.8247) against the same month in 2014 (average: 6.4887), the exchange rate shifted by +0.3359 (+5.18%).

2015 Avg (December) 6.8247

2014 Avg (December) 6.4887

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.4169	5.9373	6.1646
February	6.0421	5.9492	6.0097
March	5.9558	5.6965	5.8266
April	5.9550	5.7530	5.8347
May	6.1561	5.9312	6.0447
June	6.2801	6.0018	6.1268
July	6.2719	6.1076	6.1835
August	6.7033	6.2321	6.4769
September	6.6825	6.4433	6.5767
October	6.7165	6.5525	6.6348
November	6.8241	6.5276	6.6503
December	6.9688	6.6424	6.8247