2014 MAD to ETB Historical Review

YEARLY HIGH

2.4122 ETB

YEARLY LOW

2.2330 ETB

YEARLY AVERAGE

2.3394 ETB

2014 MAD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 2.4122. Conversely, the yearly low was recorded on December 31, dropping to 2.2330.

This high-to-low spread represents a total annual volatility of 0.1791 ETB. From a start-to-finish perspective, comparing the January average rate of 2.3280 to the December average rate of 2.2572, the exchange rate registered a net change of -3.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.4122 was up 2.36% compared to the 2013 peak of 2.3566, 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 12,061 ETB

2013 Average 11,133 ETB

Yearly Trough Low 11,165 ETB

Transaction Impact: A difference of 895.55 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.4041

2.2438

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 2.3657, compared to 2.3130 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0527 points.

H1 Avg (Jan–Jun) 2.3657

H2 Avg (Jul–Dec) 2.3130

Volatility Range Comparison

Volatility

The most volatile month in 2014 was February, with a trading range of 0.0728 ETB (High: 2.3697 / Low: 2.2968). On the other end, June was the most stable month, with a tight range of 0.0241 ETB (High: 2.3883 / Low: 2.3642).

February Spread (Volatile) ±0.0728

June Spread (Stable) ±0.0241

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 0.0504 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0504

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 2.3857) against the same month in 2013 (average: 2.1759), the exchange rate shifted by +0.2099 (+9.65%).

2014 Avg (May) 2.3857

2013 Avg (May) 2.1759

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3465	2.3151	2.3280
February	2.3697	2.2968	2.3426
March	2.3887	2.3573	2.3724
April	2.4096	2.3728	2.3908
May	2.4122	2.3724	2.3857
June	2.3883	2.3642	2.3746
July	2.3932	2.3681	2.3831
August	2.3754	2.3457	2.3644
September	2.3460	2.2783	2.3140
October	2.3079	2.2706	2.2897
November	2.2834	2.2584	2.2698
December	2.2859	2.2330	2.2572