2014 MRO to MAD Historical Review

YEARLY HIGH

0.0310 MAD

YEARLY LOW

0.0272 MAD

YEARLY AVERAGE

0.0288 MAD

2014 MRO to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MRO to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0310. Conversely, the yearly low was recorded on April 13, dropping to 0.0272.

This high-to-low spread represents a total annual volatility of 0.0037 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0283 to the December average rate of 0.0307, the exchange rate registered a net change of 8.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0310 was down 4.93% compared to the 2013 peak of 0.0326, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 155 MAD

2013 Average 143 MAD

Yearly Trough Low 136 MAD

Transaction Impact: A difference of 18.69 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0310

0.0273

JanuMarcMayJulySeptNove

MRO 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 0.0280, compared to 0.0296 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0280

H2 Avg (Jul–Dec) 0.0296

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0010 MAD (High: 0.0300 / Low: 0.0291). On the other end, June was the most stable month, with a tight range of 0.0004 MAD (High: 0.0284 / Low: 0.0280).

September Spread (Volatile) ±0.0010

June Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0004 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0307) against the same month in 2013 (average: 0.0281), the exchange rate shifted by +0.0026 (+9.22%).

2014 Avg (December) 0.0307

2013 Avg (December) 0.0281

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0285	0.0281	0.0283
February	0.0286	0.0280	0.0282
March	0.0281	0.0275	0.0278
April	0.0280	0.0272	0.0276
May	0.0283	0.0274	0.0279
June	0.0284	0.0280	0.0282
July	0.0286	0.0281	0.0284
August	0.0291	0.0285	0.0287
September	0.0300	0.0291	0.0295
October	0.0302	0.0296	0.0299
November	0.0305	0.0300	0.0303
December	0.0310	0.0303	0.0307