2015 MAD to HNL Historical Review

YEARLY HIGH

2.3224 HNL

YEARLY LOW

2.1035 HNL

YEARLY AVERAGE

2.2257 HNL

2015 MAD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MAD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.3224. Conversely, the yearly low was recorded on March 11, dropping to 2.1035.

This high-to-low spread represents a total annual volatility of 0.2189 HNL. From a start-to-finish perspective, comparing the January average rate of 2.2494 to the December average rate of 2.2118, the exchange rate registered a net change of -1.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.3224 was down 9.09% compared to the 2014 peak of 2.5548, 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 11,612 HNL

2014 Average 12,134 HNL

Yearly Trough Low 10,518 HNL

Transaction Impact: A difference of 1,094.51 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.2710

2.1521

JanuMarcMayJulySeptNove

MAD to HNL 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 2.2179, compared to 2.2335 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0156 points.

H1 Avg (Jan–Jun) 2.2179

H2 Avg (Jul–Dec) 2.2335

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.1403 HNL (High: 2.3224 / Low: 2.1821). On the other end, July was the most stable month, with a tight range of 0.0367 HNL (High: 2.2390 / Low: 2.2022).

January Spread (Volatile) ±0.1403

July Spread (Stable) ±0.0367

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0598 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0598

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 2.2494) against the same month in 2014 (average: 2.4364), the exchange rate shifted by -0.1870 (-7.68%).

2015 Avg (January) 2.2494

2014 Avg (January) 2.4364

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3224	2.1821	2.2494
February	2.2288	2.1811	2.2158
March	2.2002	2.1035	2.1620
April	2.2570	2.1286	2.1722
May	2.2929	2.2209	2.2553
June	2.2664	2.2227	2.2527
July	2.2390	2.2022	2.2252
August	2.3011	2.2183	2.2477
September	2.2766	2.2359	2.2543
October	2.2906	2.2295	2.2611
November	2.2422	2.1762	2.2013
December	2.2520	2.1793	2.2118