2014 MAD to PEN Historical Review

YEARLY HIGH

0.3476 PEN

YEARLY LOW

0.3281 PEN

YEARLY AVERAGE

0.3376 PEN

2014 MAD to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.3476. Conversely, the yearly low was recorded on November 23, dropping to 0.3281.

This high-to-low spread represents a total annual volatility of 0.0194 PEN. From a start-to-finish perspective, comparing the January average rate of 0.3413 to the December average rate of 0.3314, the exchange rate registered a net change of -2.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.3476 was up 1.20% compared to the 2013 peak of 0.3434, 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 1,738 PEN

2013 Average 1,608 PEN

Yearly Trough Low 1,641 PEN

Transaction Impact: A difference of 97.13 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.3465

0.3291

JanuMarcMayJulySeptNove

MAD to PEN 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 0.3420, compared to 0.3332 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0088 points.

H1 Avg (Jan–Jun) 0.3420

H2 Avg (Jul–Dec) 0.3332

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0106 PEN (High: 0.3464 / Low: 0.3358). On the other end, August was the most stable month, with a tight range of 0.0032 PEN (High: 0.3367 / Low: 0.3336).

May Spread (Volatile) ±0.0106

August Spread (Stable) ±0.0032

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 0.0029 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.3451) against the same month in 2013 (average: 0.3028), the exchange rate shifted by +0.0423 (+13.95%).

2014 Avg (March) 0.3451

2013 Avg (March) 0.3028

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3441	0.3395	0.3413
February	0.3442	0.3404	0.3426
March	0.3476	0.3427	0.3451
April	0.3461	0.3408	0.3432
May	0.3464	0.3358	0.3411
June	0.3409	0.3357	0.3387
July	0.3403	0.3345	0.3366
August	0.3367	0.3336	0.3356
September	0.3361	0.3303	0.3326
October	0.3347	0.3291	0.3324
November	0.3336	0.3281	0.3306
December	0.3365	0.3290	0.3314