2012 SAR to MAD Historical Review

YEARLY HIGH

2.4214 MAD

YEARLY LOW

2.2190 MAD

YEARLY AVERAGE

2.3027 MAD

2012 SAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the SAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 2.4214. Conversely, the yearly low was recorded on February 26, dropping to 2.2190.

This high-to-low spread represents a total annual volatility of 0.2025 MAD. From a start-to-finish perspective, comparing the January average rate of 2.2970 to the December average rate of 2.2647, the exchange rate registered a net change of -1.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.4214 was up 5.50% compared to the 2011 peak of 2.2951, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,107 MAD

2011 Average 10,792 MAD

Yearly Trough Low 11,095 MAD

Transaction Impact: A difference of 1,012.33 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.4012

2.2354

JanuMarcMayJulySeptNove

SAR 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 2.2861, compared to 2.3194 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0332 points.

H1 Avg (Jan–Jun) 2.2861

H2 Avg (Jul–Dec) 2.3194

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.1214 MAD (High: 2.3710 / Low: 2.2496). On the other end, October was the most stable month, with a tight range of 0.0322 MAD (High: 2.2981 / Low: 2.2659).

May Spread (Volatile) ±0.1214

October Spread (Stable) ±0.0322

Growth Streaks & Declines

Trends

Between February and July, 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 August and September, when the average rate fell by 0.0702 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0702

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 2.3874) against the same month in 2011 (average: 2.1113), the exchange rate shifted by +0.2761 (+13.08%).

2012 Avg (July) 2.3874

2011 Avg (July) 2.1113

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3319	2.2571	2.2970
February	2.2799	2.2190	2.2492
March	2.2765	2.2326	2.2529
April	2.2757	2.2354	2.2586
May	2.3710	2.2496	2.3090
June	2.3777	2.3217	2.3502
July	2.4214	2.3317	2.3874
August	2.3942	2.3396	2.3712
September	2.3463	2.2630	2.3010
October	2.2981	2.2659	2.2852
November	2.3262	2.2817	2.3066
December	2.2908	2.2447	2.2647