2014 RON to MAD Historical Review

YEARLY HIGH

2.5619 MAD

YEARLY LOW

2.4474 MAD

YEARLY AVERAGE

2.5123 MAD

2014 RON to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RON to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 1, valuing the pair at 2.5619. Conversely, the yearly low was recorded on December 30, dropping to 2.4474.

This high-to-low spread represents a total annual volatility of 0.1145 MAD. From a start-to-finish perspective, comparing the January average rate of 2.4802 to the December average rate of 2.4668, the exchange rate registered a net change of -0.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.5619 was down 0.98% compared to the 2013 peak of 2.5873, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,809 MAD

2013 Average 12,636 MAD

Yearly Trough Low 12,237 MAD

Transaction Impact: A difference of 572.55 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.5630

2.4581

JanuMarcMayJulySeptNove

RON 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 2.5157, compared to 2.5089 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0068 points.

H1 Avg (Jan–Jun) 2.5157

H2 Avg (Jul–Dec) 2.5089

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0478 MAD (High: 2.5123 / Low: 2.4645). On the other end, June was the most stable month, with a tight range of 0.0114 MAD (High: 2.5594 / Low: 2.5480).

January Spread (Volatile) ±0.0478

June Spread (Stable) ±0.0114

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0252 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0252

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 2.5420) against the same month in 2013 (average: 2.5158), the exchange rate shifted by +0.0262 (+1.04%).

2014 Avg (July) 2.5420

2013 Avg (July) 2.5158

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5123	2.4645	2.4802
February	2.5114	2.4853	2.4977
March	2.5202	2.4791	2.5027
April	2.5321	2.5123	2.5189
May	2.5566	2.5318	2.5404
June	2.5594	2.5480	2.5542
July	2.5619	2.5187	2.5420
August	2.5369	2.5147	2.5245
September	2.5340	2.5095	2.5188
October	2.5174	2.5020	2.5093
November	2.5055	2.4822	2.4921
December	2.4879	2.4474	2.4668