2014 MAD to DJF Historical Review

YEARLY HIGH

22.1027 DJF

YEARLY LOW

19.7032 DJF

YEARLY AVERAGE

21.2388 DJF

2014 MAD to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 22.1027. Conversely, the yearly low was recorded on December 28, dropping to 19.7032.

This high-to-low spread represents a total annual volatility of 2.3996 DJF. From a start-to-finish perspective, comparing the January average rate of 21.6244 to the December average rate of 19.9548, 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 22.1027 was up 1.12% compared to the 2013 peak of 21.8572, 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 110,514 DJF

2013 Average 105,596 DJF

Yearly Trough Low 98,516 DJF

Transaction Impact: A difference of 11,997.91 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

22.1499

19.7552

JanuMarcMayJulySeptNove

MAD to DJF 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 21.7778, compared to 20.6998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0780 points.

H1 Avg (Jan–Jun) 21.7778

H2 Avg (Jul–Dec) 20.6998

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.7369 DJF (High: 21.1092 / Low: 20.3723). On the other end, June was the most stable month, with a tight range of 0.2496 DJF (High: 21.7809 / Low: 21.5313).

September Spread (Volatile) ±0.7369

June Spread (Stable) ±0.2496

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.5930 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5930

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 21.8565) against the same month in 2013 (average: 20.7234), the exchange rate shifted by +1.1331 (+5.47%).

2014 Avg (May) 21.8565

2013 Avg (May) 20.7234

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.7902	21.4588	21.6244
February	21.8216	21.4451	21.6767
March	22.0947	21.6760	21.8904
April	22.0979	21.6503	21.9503
May	22.1027	21.6467	21.8565
June	21.7809	21.5313	21.6684
July	21.7998	21.4001	21.5927
August	21.5325	21.0399	21.3210
September	21.1092	20.3723	20.7280
October	20.5986	20.2015	20.4235
November	20.3493	20.0644	20.1788
December	20.2348	19.7032	19.9548