2014 MAD to CVE Historical Review

YEARLY HIGH

10.0183 CVE

YEARLY LOW

9.7067 CVE

YEARLY AVERAGE

9.8355 CVE

2014 MAD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 10.0183. Conversely, the yearly low was recorded on March 19, dropping to 9.7067.

This high-to-low spread represents a total annual volatility of 0.3116 CVE. From a start-to-finish perspective, comparing the January average rate of 9.8060 to the December average rate of 9.9851, the exchange rate registered a net change of 1.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 10.0183 was up 0.35% compared to the 2013 peak of 9.9833, 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 50,092 CVE

2013 Average 49,311 CVE

Yearly Trough Low 48,533 CVE

Transaction Impact: A difference of 1,558.24 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

10.0079

9.7343

JanuMarcMayJulySeptNove

MAD to CVE 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 9.7797, compared to 9.8913 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1116 points.

H1 Avg (Jan–Jun) 9.7797

H2 Avg (Jul–Dec) 9.8913

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.1119 CVE (High: 9.8185 / Low: 9.7067). On the other end, April was the most stable month, with a tight range of 0.0555 CVE (High: 9.8067 / Low: 9.7512).

March Spread (Volatile) ±0.1119

April Spread (Stable) ±0.0555

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0261 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0261

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 9.9851) against the same month in 2013 (average: 9.7871), the exchange rate shifted by +0.1980 (+2.02%).

2014 Avg (December) 9.9851

2013 Avg (December) 9.7871

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.8429	9.7545	9.8060
February	9.8162	9.7593	9.7832
March	9.8185	9.7067	9.7571
April	9.8067	9.7512	9.7733
May	9.8027	9.7333	9.7688
June	9.8255	9.7668	9.7900
July	9.8171	9.7569	9.7863
August	9.8475	9.7862	9.8212
September	9.9343	9.8369	9.8943
October	9.9567	9.8780	9.9124
November	9.9830	9.8769	9.9483
December	10.0183	9.9246	9.9851