2013 SAR to MAD Historical Review

YEARLY HIGH

2.3085 MAD

YEARLY LOW

2.1724 MAD

YEARLY AVERAGE

2.2418 MAD

2013 SAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the SAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 28, valuing the pair at 2.3085. Conversely, the yearly low was recorded on October 25, dropping to 2.1724.

This high-to-low spread represents a total annual volatility of 0.1361 MAD. From a start-to-finish perspective, comparing the January average rate of 2.2391 to the December average rate of 2.1877, the exchange rate registered a net change of -2.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 2.3085 was down 4.66% compared to the 2012 peak of 2.4214, 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 11,543 MAD

2012 Average 11,515 MAD

Yearly Trough Low 10,862 MAD

Transaction Impact: A difference of 680.66 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

2.2945

2.1780

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 2.2615, compared to 2.2221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0393 points.

H1 Avg (Jan–Jun) 2.2615

H2 Avg (Jul–Dec) 2.2221

Volatility Range Comparison

Volatility

The most volatile month in 2013 was February, with a trading range of 0.0775 MAD (High: 2.2679 / Low: 2.1904). On the other end, August was the most stable month, with a tight range of 0.0236 MAD (High: 2.2503 / Low: 2.2266).

February Spread (Volatile) ±0.0775

August Spread (Stable) ±0.0236

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0372 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0372

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2013: 2.2848) against the same month in 2012 (average: 2.2529), the exchange rate shifted by +0.0319 (+1.42%).

2013 Avg (March) 2.2848

2012 Avg (March) 2.2529

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2709	2.2025	2.2391
February	2.2679	2.1904	2.2296
March	2.3085	2.2667	2.2848
April	2.3072	2.2588	2.2767
May	2.3036	2.2562	2.2835
June	2.2824	2.2278	2.2552
July	2.3066	2.2416	2.2687
August	2.2503	2.2266	2.2371
September	2.2633	2.2085	2.2318
October	2.2108	2.1724	2.1946
November	2.2298	2.2017	2.2131
December	2.2050	2.1753	2.1877