2014 MAD to BIF Historical Review

YEARLY HIGH

192.3520 BIF

YEARLY LOW

172.3929 BIF

YEARLY AVERAGE

184.7101 BIF

2014 MAD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 192.3520. Conversely, the yearly low was recorded on December 27, dropping to 172.3929.

This high-to-low spread represents a total annual volatility of 19.9591 BIF. From a start-to-finish perspective, comparing the January average rate of 188.1399 to the December average rate of 175.0922, the exchange rate registered a net change of -6.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 192.3520 was up 0.43% compared to the 2013 peak of 191.5324, 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 961,760 BIF

2013 Average 921,712 BIF

Yearly Trough Low 861,965 BIF

Transaction Impact: A difference of 99,795.57 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

192.4428

173.5148

JanuMarcMayJulySeptNove

MAD to BIF 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 189.1339, compared to 180.2863 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.8477 points.

H1 Avg (Jan–Jun) 189.1339

H2 Avg (Jul–Dec) 180.2863

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 6.4102 BIF (High: 180.2874 / Low: 173.8772). On the other end, June was the most stable month, with a tight range of 2.4156 BIF (High: 189.1201 / Low: 186.7045).

October Spread (Volatile) ±6.4102

June Spread (Stable) ±2.4156

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 4.9949 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.9949

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 190.8655) against the same month in 2013 (average: 181.7389), the exchange rate shifted by +9.1266 (+5.02%).

2014 Avg (March) 190.8655

2013 Avg (March) 181.7389

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	189.6013	186.8821	188.1399
February	190.9342	186.8799	188.8119
March	192.3520	189.6160	190.8655
April	191.3393	188.5828	190.3681
May	191.5647	187.3369	189.1376
June	189.1201	186.7045	187.4807
July	188.5979	184.4308	187.1234
August	186.1123	181.7346	184.7815
September	183.0228	176.9946	179.7866
October	180.2874	173.8772	178.3744
November	178.0326	175.3974	176.5596
December	177.5174	172.3929	175.0922