2014 MAD to AZN Historical Review

YEARLY HIGH

0.0970 AZN

YEARLY LOW

0.0865 AZN

YEARLY AVERAGE

0.0933 AZN

2014 MAD to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 0.0970. Conversely, the yearly low was recorded on December 31, dropping to 0.0865.

This high-to-low spread represents a total annual volatility of 0.0105 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0953 to the December average rate of 0.0877, the exchange rate registered a net change of -7.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0970 was up 0.80% compared to the 2013 peak of 0.0963, 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 485 AZN

2013 Average 467 AZN

Yearly Trough Low 432 AZN

Transaction Impact: A difference of 52.63 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0973

0.0869

JanuMarcMayJulySeptNove

MAD to AZN 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 0.0957, compared to 0.0909 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.0957

H2 Avg (Jul–Dec) 0.0909

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0029 AZN (High: 0.0925 / Low: 0.0895). On the other end, June was the most stable month, with a tight range of 0.0009 AZN (High: 0.0956 / Low: 0.0947).

September Spread (Volatile) ±0.0029

June Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between January and March, 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 August and September, when the average rate fell by 0.0025 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.0964) against the same month in 2013 (average: 0.0916), the exchange rate shifted by +0.0048 (+5.26%).

2014 Avg (March) 0.0964

2013 Avg (March) 0.0916

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0960	0.0946	0.0953
February	0.0962	0.0945	0.0955
March	0.0970	0.0959	0.0964
April	0.0967	0.0957	0.0964
May	0.0968	0.0951	0.0959
June	0.0956	0.0947	0.0951
July	0.0954	0.0939	0.0947
August	0.0941	0.0924	0.0935
September	0.0925	0.0895	0.0910
October	0.0904	0.0887	0.0897
November	0.0891	0.0881	0.0886
December	0.0888	0.0865	0.0877