2018 MAD to SZL Historical Review

YEARLY HIGH

1.6458 SZL

YEARLY LOW

1.2561 SZL

YEARLY AVERAGE

1.4089 SZL

2018 MAD to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MAD to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 1.6458. Conversely, the yearly low was recorded on February 26, dropping to 1.2561.

This high-to-low spread represents a total annual volatility of 0.3897 SZL. From a start-to-finish perspective, comparing the January average rate of 1.3184 to the December average rate of 1.4926, the exchange rate registered a net change of 13.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.6458 was up 7.33% compared to the 2017 peak of 1.5333, 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 8,229 SZL

2017 Average 6,864 SZL

Yearly Trough Low 6,280 SZL

Transaction Impact: A difference of 1,948.32 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.5956

1.2610

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 1.3229, compared to 1.4950 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1720 points.

H1 Avg (Jan–Jun) 1.3229

H2 Avg (Jul–Dec) 1.4950

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.1522 SZL (High: 1.5522 / Low: 1.3999). On the other end, March was the most stable month, with a tight range of 0.0413 SZL (High: 1.3127 / Low: 1.2713).

August Spread (Volatile) ±0.1522

March Spread (Stable) ±0.0413

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0496 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0496

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 1.5677) against the same month in 2017 (average: 1.4033), the exchange rate shifted by +0.1644 (+11.72%).

2018 Avg (September) 1.5677

2017 Avg (September) 1.4033

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3366	1.2945	1.3184
February	1.3216	1.2561	1.2889
March	1.3127	1.2713	1.2900
April	1.3447	1.2815	1.3125
May	1.3530	1.3067	1.3314
June	1.4527	1.3262	1.3964
July	1.4575	1.3871	1.4179
August	1.5522	1.3999	1.4785
September	1.6458	1.5015	1.5677
October	1.5716	1.4958	1.5313
November	1.5271	1.4438	1.4817
December	1.5257	1.4342	1.4926