2014 MAD to ZAR Historical Review

YEARLY HIGH

1.3714 ZAR

YEARLY LOW

1.2319 ZAR

YEARLY AVERAGE

1.2897 ZAR

2014 MAD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 29, valuing the pair at 1.3714. Conversely, the yearly low was recorded on November 23, dropping to 1.2319.

This high-to-low spread represents a total annual volatility of 0.1395 ZAR. From a start-to-finish perspective, comparing the January average rate of 1.3181 to the December average rate of 1.2863, the exchange rate registered a net change of -2.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.3714 was up 6.25% compared to the 2013 peak of 1.2907, 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 6,857 ZAR

2013 Average 5,741 ZAR

Yearly Trough Low 6,160 ZAR

Transaction Impact: A difference of 697.26 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.3434

1.2450

JanuMarcMayJulySeptNove

MAD to ZAR 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 1.3059, compared to 1.2735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0324 points.

H1 Avg (Jan–Jun) 1.3059

H2 Avg (Jul–Dec) 1.2735

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0859 ZAR (High: 1.3714 / Low: 1.2854). On the other end, June was the most stable month, with a tight range of 0.0234 ZAR (High: 1.3071 / Low: 1.2837).

January Spread (Volatile) ±0.0859

June Spread (Stable) ±0.0234

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0250 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0250

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.3181) against the same month in 2013 (average: 1.0452), the exchange rate shifted by +0.2729 (+26.11%).

2014 Avg (January) 1.3181

2013 Avg (January) 1.0452

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3714	1.2854	1.3181
February	1.3576	1.3084	1.3352
March	1.3375	1.2924	1.3212
April	1.3131	1.2799	1.2962
May	1.2962	1.2535	1.2720
June	1.3071	1.2837	1.2929
July	1.3061	1.2624	1.2879
August	1.2871	1.2568	1.2712
September	1.2908	1.2472	1.2748
October	1.2854	1.2414	1.2676
November	1.2716	1.2319	1.2532
December	1.3202	1.2440	1.2863