2014 MAD to NGN Historical Review

YEARLY HIGH

20.6797 NGN

YEARLY LOW

18.5688 NGN

YEARLY AVERAGE

19.6335 NGN

2014 MAD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 20.6797. Conversely, the yearly low was recorded on October 4, dropping to 18.5688.

This high-to-low spread represents a total annual volatility of 2.1109 NGN. From a start-to-finish perspective, comparing the January average rate of 19.4485 to the December average rate of 20.3626, the exchange rate registered a net change of 4.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 20.6797 was up 4.68% compared to the 2013 peak of 19.7554, 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 103,398 NGN

2013 Average 94,732 NGN

Yearly Trough Low 92,844 NGN

Transaction Impact: A difference of 10,554.59 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

20.5147

18.6895

JanuMarcMayJulySeptNove

MAD to NGN 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 19.8548, compared to 19.4123 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4425 points.

H1 Avg (Jan–Jun) 19.8548

H2 Avg (Jul–Dec) 19.4123

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 1.4244 NGN (High: 20.1597 / Low: 18.7354). On the other end, June was the most stable month, with a tight range of 0.2073 NGN (High: 19.8931 / Low: 19.6858).

November Spread (Volatile) ±1.4244

June Spread (Stable) ±0.2073

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3850 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3850

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 20.3626) against the same month in 2013 (average: 19.3969), the exchange rate shifted by +0.9656 (+4.98%).

2014 Avg (December) 20.3626

2013 Avg (December) 19.3969

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.8154	19.2465	19.4485
February	20.2999	19.6169	19.9476
March	20.3611	20.0794	20.2576
April	20.2334	19.7659	19.9346
May	19.9108	19.5634	19.7697
June	19.8931	19.6858	19.7706
July	19.8265	19.3848	19.6036
August	19.4981	19.1418	19.3223
September	19.1607	18.7038	18.9372
October	19.0535	18.5688	18.8416
November	20.1597	18.7354	19.4063
December	20.6797	20.1805	20.3626