2014 MAD to BWP Historical Review

YEARLY HIGH

1.1039 BWP

YEARLY LOW

1.0330 BWP

YEARLY AVERAGE

1.0675 BWP

2014 MAD to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 1.1039. Conversely, the yearly low was recorded on November 23, dropping to 1.0330.

This high-to-low spread represents a total annual volatility of 0.0708 BWP. From a start-to-finish perspective, comparing the January average rate of 1.0846 to the December average rate of 1.0579, the exchange rate registered a net change of -2.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.1039 was up 2.90% compared to the 2013 peak of 1.0727, 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 5,519 BWP

2013 Average 4,996 BWP

Yearly Trough Low 5,165 BWP

Transaction Impact: A difference of 354.13 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0986

1.0382

JanuMarcMayJulySeptNove

MAD to BWP 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 1.0797, compared to 1.0553 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0244 points.

H1 Avg (Jan–Jun) 1.0797

H2 Avg (Jul–Dec) 1.0553

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0380 BWP (High: 1.1039 / Low: 1.0658). On the other end, April was the most stable month, with a tight range of 0.0148 BWP (High: 1.0845 / Low: 1.0698).

January Spread (Volatile) ±0.0380

April Spread (Stable) ±0.0148

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0132 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0132

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.0846) against the same month in 2013 (average: 0.9443), the exchange rate shifted by +0.1403 (+14.86%).

2014 Avg (January) 1.0846

2013 Avg (January) 0.9443

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1039	1.0658	1.0846
February	1.1022	1.0814	1.0936
March	1.1005	1.0738	1.0879
April	1.0845	1.0698	1.0772
May	1.0778	1.0562	1.0640
June	1.0779	1.0592	1.0711
July	1.0770	1.0550	1.0678
August	1.0667	1.0489	1.0584
September	1.0616	1.0436	1.0554
October	1.0556	1.0362	1.0491
November	1.0506	1.0330	1.0432
December	1.0779	1.0402	1.0579