2014 MOP to MAD Historical Review

YEARLY HIGH

1.1325 MAD

YEARLY LOW

1.0107 MAD

YEARLY AVERAGE

1.0531 MAD

2014 MOP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MOP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.1325. Conversely, the yearly low was recorded on March 18, dropping to 1.0107.

This high-to-low spread represents a total annual volatility of 0.1218 MAD. From a start-to-finish perspective, comparing the January average rate of 1.0301 to the December average rate of 1.1183, the exchange rate registered a net change of 8.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.1325 was up 4.55% compared to the 2013 peak of 1.0832, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MOP based on timing:

Yearly Peak High 5,662 MAD

2013 Average 5,262 MAD

Yearly Trough Low 5,053 MAD

Transaction Impact: A difference of 609.11 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1284

1.0074

JanuMarcMayJulySeptNove

MOP to MAD 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 1.0253, compared to 1.0809 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0556 points.

H1 Avg (Jan–Jun) 1.0253

H2 Avg (Jul–Dec) 1.0809

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0334 MAD (High: 1.0950 / Low: 1.0616). On the other end, June was the most stable month, with a tight range of 0.0092 MAD (High: 1.0374 / Low: 1.0282).

September Spread (Volatile) ±0.0334

June Spread (Stable) ±0.0092

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0108 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0108

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.1183) against the same month in 2013 (average: 1.0272), the exchange rate shifted by +0.0912 (+8.88%).

2014 Avg (December) 1.1183

2013 Avg (December) 1.0272

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0355	1.0229	1.0301
February	1.0369	1.0194	1.0283
March	1.0243	1.0107	1.0175
April	1.0251	1.0151	1.0184
May	1.0321	1.0141	1.0244
June	1.0374	1.0282	1.0332
July	1.0460	1.0297	1.0368
August	1.0613	1.0439	1.0502
September	1.0950	1.0616	1.0781
October	1.1023	1.0849	1.0939
November	1.1126	1.1019	1.1083
December	1.1325	1.1044	1.1183