2018 MAD to TOP Historical Review

YEARLY HIGH

0.2472 TOP

YEARLY LOW

0.2343 TOP

YEARLY AVERAGE

0.2421 TOP

2018 MAD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MAD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 0.2472. Conversely, the yearly low was recorded on December 15, dropping to 0.2343.

This high-to-low spread represents a total annual volatility of 0.0129 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2429 to the December average rate of 0.2387, the exchange rate registered a net change of -1.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.2472 was up 0.81% compared to the 2017 peak of 0.2452, 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 1,236 TOP

2017 Average 1,168 TOP

Yearly Trough Low 1,172 TOP

Transaction Impact: A difference of 64.51 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.2463

0.2381

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 0.2414, compared to 0.2428 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.2414

H2 Avg (Jul–Dec) 0.2428

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0083 TOP (High: 0.2440 / Low: 0.2356). On the other end, September was the most stable month, with a tight range of 0.0028 TOP (High: 0.2472 / Low: 0.2444).

May Spread (Volatile) ±0.0083

September Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between May and July, 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 September and October, when the average rate fell by 0.0026 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 0.2456) against the same month in 2017 (average: 0.2362), the exchange rate shifted by +0.0094 (+3.99%).

2018 Avg (September) 0.2456

2017 Avg (September) 0.2362

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2454	0.2405	0.2429
February	0.2442	0.2394	0.2409
March	0.2442	0.2404	0.2421
April	0.2434	0.2384	0.2414
May	0.2440	0.2356	0.2404
June	0.2432	0.2381	0.2406
July	0.2466	0.2429	0.2448
August	0.2463	0.2413	0.2437
September	0.2472	0.2444	0.2456
October	0.2448	0.2406	0.2431
November	0.2423	0.2391	0.2412
December	0.2416	0.2343	0.2387