2014 MAD to ALL Historical Review

YEARLY HIGH

12.7576 ALL

YEARLY LOW

12.4278 ALL

YEARLY AVERAGE

12.5395 ALL

2014 MAD to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 12.7576. Conversely, the yearly low was recorded on August 13, dropping to 12.4278.

This high-to-low spread represents a total annual volatility of 0.3298 ALL. From a start-to-finish perspective, comparing the January average rate of 12.5374 to the December average rate of 12.7309, the exchange rate registered a net change of 1.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 12.7576 was up 0.14% compared to the 2013 peak of 12.7399, 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 63,788 ALL

2013 Average 62,841 ALL

Yearly Trough Low 62,139 ALL

Transaction Impact: A difference of 1,649.03 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

12.7579

12.4342

JanuMarcMayJulySeptNove

MAD to ALL 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 12.4924, compared to 12.5867 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0942 points.

H1 Avg (Jan–Jun) 12.4924

H2 Avg (Jul–Dec) 12.5867

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.2014 ALL (High: 12.7214 / Low: 12.5200). On the other end, April was the most stable month, with a tight range of 0.0400 ALL (High: 12.4879 / Low: 12.4479).

November Spread (Volatile) ±0.2014

April Spread (Stable) ±0.0400

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0385 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0385

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 12.7309) against the same month in 2013 (average: 12.4736), the exchange rate shifted by +0.2573 (+2.06%).

2014 Avg (December) 12.7309

2013 Avg (December) 12.4736

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.5801	12.4660	12.5374
February	12.5574	12.4799	12.5196
March	12.5068	12.4553	12.4812
April	12.4879	12.4479	12.4612
May	12.4985	12.4289	12.4647
June	12.5122	12.4701	12.4905
July	12.5100	12.4285	12.4832
August	12.5058	12.4278	12.4683
September	12.6507	12.5099	12.6028
October	12.6540	12.5250	12.5833
November	12.7214	12.5200	12.6514
December	12.7576	12.7032	12.7309