2015 MAD to CVE Historical Review

YEARLY HIGH

10.3604 CVE

YEARLY LOW

9.9682 CVE

YEARLY AVERAGE

10.1846 CVE

2015 MAD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MAD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 10.3604. Conversely, the yearly low was recorded on January 6, dropping to 9.9682.

This high-to-low spread represents a total annual volatility of 0.3922 CVE. From a start-to-finish perspective, comparing the January average rate of 10.1023 to the December average rate of 10.2207, the exchange rate registered a net change of 1.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 10.3604 was up 3.41% compared to the 2014 peak of 10.0183, 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 51,802 CVE

2014 Average 49,179 CVE

Yearly Trough Low 49,841 CVE

Transaction Impact: A difference of 1,961.14 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

10.3219

10.0823

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 10.1806, compared to 10.1887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0082 points.

H1 Avg (Jan–Jun) 10.1806

H2 Avg (Jul–Dec) 10.1887

Volatility Range Comparison

Volatility

The most volatile month in 2015 was August, with a trading range of 0.2824 CVE (High: 10.2574 / Low: 9.9750). On the other end, February was the most stable month, with a tight range of 0.0808 CVE (High: 10.2083 / Low: 10.1275).

August Spread (Volatile) ±0.2824

February Spread (Stable) ±0.0808

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 April and May, when the average rate fell by 0.1336 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1336

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2015: 10.3019) against the same month in 2014 (average: 9.9483), the exchange rate shifted by +0.3536 (+3.55%).

2015 Avg (November) 10.3019

2014 Avg (November) 9.9483

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.1987	9.9682	10.1023
February	10.2083	10.1275	10.1650
March	10.3389	10.1874	10.2681
April	10.3496	10.1853	10.2673
May	10.2625	10.0059	10.1337
June	10.2901	10.0715	10.1471
July	10.2881	10.1447	10.2163
August	10.2574	9.9750	10.1560
September	10.1775	10.0380	10.1153
October	10.2341	10.0225	10.1221
November	10.3604	10.1828	10.3019
December	10.3399	10.1705	10.2207