2015 MAD to ETB Historical Review

YEARLY HIGH

2.2325 ETB

YEARLY LOW

2.0147 ETB

YEARLY AVERAGE

2.1223 ETB

2015 MAD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MAD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.2325. Conversely, the yearly low was recorded on March 15, dropping to 2.0147.

This high-to-low spread represents a total annual volatility of 0.2178 ETB. From a start-to-finish perspective, comparing the January average rate of 2.1626 to the December average rate of 2.1339, the exchange rate registered a net change of -1.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.2325 was down 7.45% compared to the 2014 peak of 2.4122, 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 11,162 ETB

2014 Average 11,697 ETB

Yearly Trough Low 10,073 ETB

Transaction Impact: A difference of 1,088.81 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.1728

2.0502

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 2.1098, compared to 2.1347 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0250 points.

H1 Avg (Jan–Jun) 2.1098

H2 Avg (Jul–Dec) 2.1347

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.1381 ETB (High: 2.2325 / Low: 2.0944). On the other end, February was the most stable month, with a tight range of 0.0251 ETB (High: 2.1401 / Low: 2.1150).

January Spread (Volatile) ±0.1381

February Spread (Stable) ±0.0251

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 0.0688 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0688

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 2.1626) against the same month in 2014 (average: 2.3280), the exchange rate shifted by -0.1655 (-7.11%).

2015 Avg (January) 2.1626

2014 Avg (January) 2.3280

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2325	2.0944	2.1626
February	2.1401	2.1150	2.1293
March	2.1114	2.0147	2.0604
April	2.1111	2.0338	2.0624
May	2.1466	2.0861	2.1129
June	2.1493	2.0894	2.1311
July	2.1295	2.0933	2.1143
August	2.1846	2.1022	2.1359
September	2.1737	2.1397	2.1539
October	2.1861	2.1323	2.1599
November	2.1443	2.0922	2.1105
December	2.1497	2.0988	2.1339