2019 MAD to TOP Historical Review

YEARLY HIGH

0.2443 TOP

YEARLY LOW

0.2280 TOP

YEARLY AVERAGE

0.2382 TOP

2019 MAD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MAD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.2443. Conversely, the yearly low was recorded on April 1, dropping to 0.2280.

This high-to-low spread represents a total annual volatility of 0.0163 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2379 to the December average rate of 0.2390, the exchange rate registered a net change of 0.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.2443 was down 1.17% compared to the 2018 peak of 0.2472, 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 1,222 TOP

2018 Average 1,211 TOP

Yearly Trough Low 1,140 TOP

Transaction Impact: A difference of 81.46 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.2418

0.2348

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 0.2367, compared to 0.2397 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.2367

H2 Avg (Jul–Dec) 0.2397

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0107 TOP (High: 0.2387 / Low: 0.2280). On the other end, May was the most stable month, with a tight range of 0.0017 TOP (High: 0.2374 / Low: 0.2358).

April Spread (Volatile) ±0.0107

May Spread (Stable) ±0.0017

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 August and September, when the average rate fell by 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.2412) against the same month in 2018 (average: 0.2437), the exchange rate shifted by -0.0024 (-0.99%).

2019 Avg (August) 0.2412

2018 Avg (August) 0.2437

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2401	0.2358	0.2379
February	0.2391	0.2354	0.2366
March	0.2366	0.2337	0.2354
April	0.2387	0.2280	0.2354
May	0.2374	0.2358	0.2368
June	0.2408	0.2361	0.2382
July	0.2393	0.2359	0.2376
August	0.2443	0.2383	0.2412
September	0.2422	0.2358	0.2396
October	0.2426	0.2398	0.2408
November	0.2410	0.2372	0.2401
December	0.2405	0.2373	0.2390