2014 NGN to MAD Historical Review

YEARLY HIGH

0.0539 MAD

YEARLY LOW

0.0484 MAD

YEARLY AVERAGE

0.0510 MAD

2014 NGN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NGN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 0.0539. Conversely, the yearly low was recorded on December 17, dropping to 0.0484.

This high-to-low spread represents a total annual volatility of 0.0055 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0514 to the December average rate of 0.0491, the exchange rate registered a net change of -4.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0539 was down 1.46% compared to the 2013 peak of 0.0547, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 53,854 MAD

2013 Average 52,801 MAD

Yearly Trough Low 48,357 MAD

Transaction Impact: A difference of 5,497.24 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0535

0.0487

JanuMarcMayJulySeptNove

NGN 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 0.0504, compared to 0.0516 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0504

H2 Avg (Jul–Dec) 0.0516

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0038 MAD (High: 0.0534 / Low: 0.0496). On the other end, June was the most stable month, with a tight range of 0.0005 MAD (High: 0.0508 / Low: 0.0503).

November Spread (Volatile) ±0.0038

June Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0025 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 0.0531) against the same month in 2013 (average: 0.0515), the exchange rate shifted by +0.0016 (+3.15%).

2014 Avg (October) 0.0531

2013 Avg (October) 0.0515

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0520	0.0505	0.0514
February	0.0510	0.0493	0.0501
March	0.0498	0.0491	0.0494
April	0.0506	0.0494	0.0502
May	0.0511	0.0502	0.0506
June	0.0508	0.0503	0.0506
July	0.0516	0.0504	0.0510
August	0.0522	0.0513	0.0518
September	0.0535	0.0522	0.0528
October	0.0539	0.0525	0.0531
November	0.0534	0.0496	0.0516
December	0.0496	0.0484	0.0491