2015 MAD to SZL Historical Review

YEARLY HIGH

1.6076 SZL

YEARLY LOW

1.1815 SZL

YEARLY AVERAGE

1.3091 SZL

2015 MAD to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MAD to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 1.6076. Conversely, the yearly low was recorded on January 25, dropping to 1.1815.

This high-to-low spread represents a total annual volatility of 0.4261 SZL. From a start-to-finish perspective, comparing the January average rate of 1.2355 to the December average rate of 1.5208, the exchange rate registered a net change of 23.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.6076 was up 18.04% compared to the 2014 peak of 1.3620, 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 8,038 SZL

2014 Average 6,449 SZL

Yearly Trough Low 5,907 SZL

Transaction Impact: A difference of 2,130.73 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.5520

1.1785

JanuMarcMayJulySeptNove

MAD to SZL 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 1.2301, compared to 1.3880 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1580 points.

H1 Avg (Jan–Jun) 1.2301

H2 Avg (Jul–Dec) 1.3880

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.1778 SZL (High: 1.6076 / Low: 1.4298). On the other end, March was the most stable month, with a tight range of 0.0274 SZL (High: 1.2332 / Low: 1.2058).

December Spread (Volatile) ±0.1778

March Spread (Stable) ±0.0274

Growth Streaks & Declines

Trends

Between April and June, 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 January and February, when the average rate fell by 0.0207 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0207

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 1.5208) against the same month in 2014 (average: 1.2869), the exchange rate shifted by +0.2339 (+18.18%).

2015 Avg (December) 1.5208

2014 Avg (December) 1.2869

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2829	1.1815	1.2355
February	1.2329	1.1954	1.2148
March	1.2332	1.2058	1.2205
April	1.2260	1.1916	1.2096
May	1.2447	1.2121	1.2303
June	1.2930	1.2431	1.2698
July	1.2923	1.2483	1.2690
August	1.3827	1.2827	1.3230
September	1.4467	1.3767	1.4071
October	1.4316	1.3572	1.3901
November	1.4442	1.3960	1.4182
December	1.6076	1.4298	1.5208