2013 MAD to CDF Historical Review

YEARLY HIGH

113.7444 CDF

YEARLY LOW

106.2914 CDF

YEARLY AVERAGE

109.7489 CDF

2013 MAD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MAD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 113.7444. Conversely, the yearly low was recorded on April 3, dropping to 106.2914.

This high-to-low spread represents a total annual volatility of 7.4530 CDF. From a start-to-finish perspective, comparing the January average rate of 109.7322 to the December average rate of 112.5277, the exchange rate registered a net change of 2.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 113.7444 was up 3.35% compared to the 2012 peak of 110.0597, 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 568,722 CDF

2012 Average 532,772 CDF

Yearly Trough Low 531,457 CDF

Transaction Impact: A difference of 37,264.88 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

113.0274

107.0317

JanuMarcMayJulySeptNove

MAD to CDF 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 108.6839, compared to 110.8138 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1299 points.

H1 Avg (Jan–Jun) 108.6839

H2 Avg (Jul–Dec) 110.8138

Volatility Range Comparison

Volatility

The most volatile month in 2013 was February, with a trading range of 3.7651 CDF (High: 111.9187 / Low: 108.1536). On the other end, August was the most stable month, with a tight range of 1.7247 CDF (High: 110.6229 / Low: 108.8982).

February Spread (Volatile) ±3.7651

August Spread (Stable) ±1.7247

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.9748 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.9748

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2013: 112.5277) against the same month in 2012 (average: 108.9723), the exchange rate shifted by +3.5554 (+3.26%).

2013 Avg (December) 112.5277

2012 Avg (December) 108.9723

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	111.4227	107.8752	109.7322
February	111.9187	108.1536	110.0005
March	109.1631	106.5898	108.0256
April	108.7389	106.2914	107.8317
May	109.3896	106.7531	107.5313
June	110.2814	107.6471	108.9822
July	110.0137	106.3114	108.3196
August	110.6229	108.8982	109.7370
September	111.8297	109.2131	110.5543
October	113.6578	111.5706	112.4076
November	111.9377	110.2125	111.3367
December	113.7444	111.4921	112.5277