2012 MAD to TOP Historical Review

YEARLY HIGH

0.2073 TOP

YEARLY LOW

0.1941 TOP

YEARLY AVERAGE

0.2013 TOP

2012 MAD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MAD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 0.2073. Conversely, the yearly low was recorded on August 16, dropping to 0.1941.

This high-to-low spread represents a total annual volatility of 0.0132 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2022 to the December average rate of 0.2048, the exchange rate registered a net change of 1.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.2073 was down 13.36% compared to the 2011 peak of 0.2392, 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 1,036 TOP

2011 Average 1,085 TOP

Yearly Trough Low 970 TOP

Transaction Impact: A difference of 66.11 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.2056

0.1961

JanuMarcMayJulySeptNove

MAD to TOP 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 0.2015, compared to 0.2011 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.2015

H2 Avg (Jul–Dec) 0.2011

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0117 TOP (High: 0.2068 / Low: 0.1951). On the other end, April was the most stable month, with a tight range of 0.0032 TOP (High: 0.2025 / Low: 0.1993).

May Spread (Volatile) ±0.0117

April Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between March and June, 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 June and July, when the average rate fell by 0.0044 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2012: 0.2009) against the same month in 2011 (average: 0.2069), the exchange rate shifted by -0.0060 (-2.90%).

2012 Avg (November) 0.2009

2011 Avg (November) 0.2069

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2050	0.1999	0.2022
February	0.2043	0.1976	0.2007
March	0.2017	0.1967	0.1997
April	0.2025	0.1993	0.2009
May	0.2068	0.1951	0.2027
June	0.2052	0.2015	0.2030
July	0.2053	0.1942	0.1986
August	0.1996	0.1941	0.1969
September	0.2044	0.1992	0.2019
October	0.2053	0.1999	0.2033
November	0.2073	0.1965	0.2009
December	0.2061	0.2028	0.2048