2014 MAD to CDF Historical Review

YEARLY HIGH

114.1542 CDF

YEARLY LOW

101.8826 CDF

YEARLY AVERAGE

109.8927 CDF

2014 MAD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 114.1542. Conversely, the yearly low was recorded on December 31, dropping to 101.8826.

This high-to-low spread represents a total annual volatility of 12.2717 CDF. From a start-to-finish perspective, comparing the January average rate of 112.2708 to the December average rate of 103.6065, the exchange rate registered a net change of -7.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 114.1542 was up 0.36% compared to the 2013 peak of 113.7444, 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 570,771 CDF

2013 Average 548,738 CDF

Yearly Trough Low 509,413 CDF

Transaction Impact: A difference of 61,358.36 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

114.4233

102.6231

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 112.6671, compared to 107.1183 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.5488 points.

H1 Avg (Jan–Jun) 112.6671

H2 Avg (Jul–Dec) 107.1183

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 3.2459 CDF (High: 108.9346 / Low: 105.6887). On the other end, November was the most stable month, with a tight range of 1.0176 CDF (High: 105.2393 / Low: 104.2217).

September Spread (Volatile) ±3.2459

November Spread (Stable) ±1.0176

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 2.8542 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.8542

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 113.4399) against the same month in 2013 (average: 108.0256), the exchange rate shifted by +5.4143 (+5.01%).

2014 Avg (March) 113.4399

2013 Avg (March) 108.0256

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	112.9696	111.6232	112.2708
February	112.9349	111.3430	112.2834
March	114.1542	112.5463	113.4399
April	113.9249	112.6587	113.3974
May	113.8725	111.8680	112.7279
June	112.4848	111.2703	111.8834
July	112.5319	110.5693	111.4854
August	110.8885	108.9488	110.0640
September	108.9346	105.6887	107.2098
October	106.4646	104.7597	105.7522
November	105.2393	104.2217	104.5921
December	104.7887	101.8826	103.6065