2013 MAD to ETB Historical Review

YEARLY HIGH

2.3566 ETB

YEARLY LOW

2.1197 ETB

YEARLY AVERAGE

2.2264 ETB

2013 MAD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MAD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 2.3566. Conversely, the yearly low was recorded on March 21, dropping to 2.1197.

This high-to-low spread represents a total annual volatility of 0.2370 ETB. From a start-to-finish perspective, comparing the January average rate of 2.1787 to the December average rate of 2.3282, the exchange rate registered a net change of 6.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 2.3566 was up 8.49% compared to the 2012 peak of 2.1722, 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 11,783 ETB

2012 Average 10,290 ETB

Yearly Trough Low 10,598 ETB

Transaction Impact: A difference of 1,184.82 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

2.3457

2.1360

JanuMarcMayJulySeptNove

MAD to ETB 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 2.1817, compared to 2.2710 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0893 points.

H1 Avg (Jan–Jun) 2.1817

H2 Avg (Jul–Dec) 2.2710

Volatility Range Comparison

Volatility

The most volatile month in 2013 was January, with a trading range of 0.0716 ETB (High: 2.2171 / Low: 2.1455). On the other end, August was the most stable month, with a tight range of 0.0308 ETB (High: 2.2555 / Low: 2.2247).

January Spread (Volatile) ±0.0716

August Spread (Stable) ±0.0308

Growth Streaks & Declines

Trends

Between March and June, 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 0.0470 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0470

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2013: 2.3282) against the same month in 2012 (average: 2.1469), the exchange rate shifted by +0.1813 (+8.44%).

2013 Avg (December) 2.3282

2012 Avg (December) 2.1469

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2171	2.1455	2.1787
February	2.2333	2.1682	2.2004
March	2.1702	2.1197	2.1535
April	2.1879	2.1378	2.1709
May	2.1979	2.1574	2.1759
June	2.2410	2.1795	2.2111
July	2.2359	2.1674	2.2051
August	2.2555	2.2247	2.2431
September	2.2836	2.2226	2.2554
October	2.3276	2.2744	2.3021
November	2.3107	2.2767	2.2922
December	2.3566	2.3060	2.3282