2014 PEN to MAD Historical Review

YEARLY HIGH

3.0475 MAD

YEARLY LOW

2.8772 MAD

YEARLY AVERAGE

2.9629 MAD

2014 PEN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PEN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 3.0475. Conversely, the yearly low was recorded on March 18, dropping to 2.8772.

This high-to-low spread represents a total annual volatility of 0.1703 MAD. From a start-to-finish perspective, comparing the January average rate of 2.9302 to the December average rate of 3.0172, the exchange rate registered a net change of 2.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 3.0475 was down 8.90% compared to the 2013 peak of 3.3454, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,238 MAD

2013 Average 15,579 MAD

Yearly Trough Low 14,386 MAD

Transaction Impact: A difference of 851.67 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

3.0379

2.8852

JanuMarcMayJulySeptNove

PEN 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 2.9244, compared to 3.0015 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0771 points.

H1 Avg (Jan–Jun) 2.9244

H2 Avg (Jul–Dec) 3.0015

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0908 MAD (High: 2.9777 / Low: 2.8869). On the other end, August was the most stable month, with a tight range of 0.0281 MAD (High: 2.9979 / Low: 2.9698).

May Spread (Volatile) ±0.0908

August Spread (Stable) ±0.0281

Growth Streaks & Declines

Trends

Between March and November, 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 0.0212 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 3.0252) against the same month in 2013 (average: 2.9685), the exchange rate shifted by +0.0567 (+1.91%).

2014 Avg (November) 3.0252

2013 Avg (November) 2.9685

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9454	2.9064	2.9302
February	2.9381	2.9052	2.9192
March	2.9177	2.8772	2.8980
April	2.9344	2.8891	2.9142
May	2.9777	2.8869	2.9318
June	2.9791	2.9336	2.9527
July	2.9898	2.9387	2.9711
August	2.9979	2.9698	2.9800
September	3.0279	2.9751	3.0065
October	3.0386	2.9881	3.0087
November	3.0475	2.9972	3.0252
December	3.0394	2.9715	3.0172