2014 NAD to MAD Historical Review

YEARLY HIGH

0.8121 MAD

YEARLY LOW

0.7329 MAD

YEARLY AVERAGE

0.7755 MAD

2014 NAD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NAD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.8121. Conversely, the yearly low was recorded on January 29, dropping to 0.7329.

This high-to-low spread represents a total annual volatility of 0.0791 MAD. From a start-to-finish perspective, comparing the January average rate of 0.7584 to the December average rate of 0.7775, the exchange rate registered a net change of 2.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.8121 was down 18.40% compared to the 2013 peak of 0.9952, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,060 MAD

2013 Average 4,374 MAD

Yearly Trough Low 3,665 MAD

Transaction Impact: A difference of 395.62 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.8031

0.7432

JanuMarcMayJulySeptNove

NAD 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 0.7657, compared to 0.7853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0196 points.

H1 Avg (Jan–Jun) 0.7657

H2 Avg (Jul–Dec) 0.7853

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0471 MAD (High: 0.8030 / Low: 0.7558). On the other end, June was the most stable month, with a tight range of 0.0146 MAD (High: 0.7810 / Low: 0.7664).

December Spread (Volatile) ±0.0471

June Spread (Stable) ±0.0146

Growth Streaks & Declines

Trends

Between February and May, 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 November and December, when the average rate fell by 0.0206 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0206

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.7981) against the same month in 2013 (average: 0.8141), the exchange rate shifted by -0.0159 (-1.96%).

2014 Avg (November) 0.7981

2013 Avg (November) 0.8141

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7766	0.7329	0.7584
February	0.7640	0.7392	0.7482
March	0.7732	0.7476	0.7573
April	0.7789	0.7622	0.7713
May	0.7972	0.7706	0.7858
June	0.7810	0.7664	0.7734
July	0.7919	0.7657	0.7765
August	0.7966	0.7779	0.7865
September	0.8003	0.7754	0.7848
October	0.8043	0.7782	0.7885
November	0.8121	0.7870	0.7981
December	0.8030	0.7558	0.7775