2014 NPR to MAD Historical Review

YEARLY HIGH

0.0904 MAD

YEARLY LOW

0.0813 MAD

YEARLY AVERAGE

0.0860 MAD

2014 NPR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NPR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 8, valuing the pair at 0.0904. Conversely, the yearly low was recorded on January 27, dropping to 0.0813.

This high-to-low spread represents a total annual volatility of 0.0090 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0829 to the December average rate of 0.0890, the exchange rate registered a net change of 7.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0904 was down 9.24% compared to the 2013 peak of 0.0996, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 452 MAD

2013 Average 451 MAD

Yearly Trough Low 407 MAD

Transaction Impact: A difference of 45.11 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0901

0.0818

JanuMarcMayJulySeptNove

NPR 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 0.0842, compared to 0.0879 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.0842

H2 Avg (Jul–Dec) 0.0879

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0038 MAD (High: 0.0878 / Low: 0.0840). On the other end, February was the most stable month, with a tight range of 0.0008 MAD (High: 0.0828 / Low: 0.0820).

May Spread (Volatile) ±0.0038

February Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between February and June, 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 0.0004 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0890) against the same month in 2013 (average: 0.0829), the exchange rate shifted by +0.0062 (+7.44%).

2014 Avg (December) 0.0890

2013 Avg (December) 0.0829

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0839	0.0813	0.0829
February	0.0828	0.0820	0.0825
March	0.0855	0.0821	0.0832
April	0.0853	0.0832	0.0842
May	0.0878	0.0840	0.0859
June	0.0873	0.0853	0.0863
July	0.0867	0.0853	0.0860
August	0.0872	0.0851	0.0860
September	0.0892	0.0870	0.0883
October	0.0893	0.0880	0.0888
November	0.0899	0.0888	0.0894
December	0.0904	0.0875	0.0890