2015 MAD to TOP Historical Review

YEARLY HIGH

0.2341 TOP

YEARLY LOW

0.1991 TOP

YEARLY AVERAGE

0.2174 TOP

2015 MAD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MAD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 1, valuing the pair at 0.2341. Conversely, the yearly low was recorded on March 15, dropping to 0.1991.

This high-to-low spread represents a total annual volatility of 0.0350 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2116 to the December average rate of 0.2267, the exchange rate registered a net change of 7.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.2341 was up 1.68% compared to the 2014 peak of 0.2303, 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 1,171 TOP

2014 Average 1,122 TOP

Yearly Trough Low 996 TOP

Transaction Impact: A difference of 174.97 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.2323

0.2011

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 0.2090, compared to 0.2258 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0168 points.

H1 Avg (Jan–Jun) 0.2090

H2 Avg (Jul–Dec) 0.2258

Volatility Range Comparison

Volatility

The most volatile month in 2015 was June, with a trading range of 0.0143 TOP (High: 0.2233 / Low: 0.2090). On the other end, November was the most stable month, with a tight range of 0.0036 TOP (High: 0.2252 / Low: 0.2215).

June Spread (Volatile) ±0.0143

November Spread (Stable) ±0.0036

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0068 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0068

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2015: 0.2273) against the same month in 2014 (average: 0.2212), the exchange rate shifted by +0.0061 (+2.76%).

2015 Avg (September) 0.2273

2014 Avg (September) 0.2212

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2170	0.2062	0.2116
February	0.2139	0.2070	0.2105
March	0.2070	0.1991	0.2037
April	0.2082	0.2013	0.2043
May	0.2115	0.2055	0.2083
June	0.2233	0.2090	0.2156
July	0.2264	0.2167	0.2203
August	0.2332	0.2250	0.2281
September	0.2341	0.2214	0.2273
October	0.2334	0.2244	0.2297
November	0.2252	0.2215	0.2229
December	0.2313	0.2234	0.2267