2014 RSD to MAD Historical Review

YEARLY HIGH

0.0983 MAD

YEARLY LOW

0.0898 MAD

YEARLY AVERAGE

0.0953 MAD

2014 RSD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 0.0983. Conversely, the yearly low was recorded on December 17, dropping to 0.0898.

This high-to-low spread represents a total annual volatility of 0.0085 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0972 to the December average rate of 0.0905, the exchange rate registered a net change of -6.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0983 was down 2.76% compared to the 2013 peak of 0.1011, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 492 MAD

2013 Average 494 MAD

Yearly Trough Low 449 MAD

Transaction Impact: A difference of 42.41 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0979

0.0899

JanuMarcMayJulySeptNove

RSD 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 0.0971, compared to 0.0934 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.0971

H2 Avg (Jul–Dec) 0.0934

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0016 MAD (High: 0.0914 / Low: 0.0898). On the other end, June was the most stable month, with a tight range of 0.0003 MAD (High: 0.0972 / Low: 0.0969).

December Spread (Volatile) ±0.0016

June Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0015 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.0972) against the same month in 2013 (average: 0.0994), the exchange rate shifted by -0.0023 (-2.27%).

2014 Avg (March) 0.0972

2013 Avg (March) 0.0994

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0981	0.0966	0.0972
February	0.0971	0.0965	0.0968
March	0.0983	0.0968	0.0972
April	0.0974	0.0970	0.0972
May	0.0975	0.0968	0.0971
June	0.0972	0.0969	0.0971
July	0.0971	0.0956	0.0964
August	0.0957	0.0945	0.0951
September	0.0945	0.0932	0.0936
October	0.0933	0.0927	0.0929
November	0.0930	0.0914	0.0920
December	0.0914	0.0898	0.0905