2015 SAR to MAD Historical Review

YEARLY HIGH

2.7009 MAD

YEARLY LOW

2.4210 MAD

YEARLY AVERAGE

2.5989 MAD

2015 SAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the SAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 2.7009. Conversely, the yearly low was recorded on January 2, dropping to 2.4210.

This high-to-low spread represents a total annual volatility of 0.2799 MAD. From a start-to-finish perspective, comparing the January average rate of 2.4937 to the December average rate of 2.6370, the exchange rate registered a net change of 5.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.7009 was up 11.90% compared to the 2014 peak of 2.4137, 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 13,505 MAD

2014 Average 11,216 MAD

Yearly Trough Low 12,105 MAD

Transaction Impact: A difference of 1,399.56 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.6767

2.4770

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 2.5829, compared to 2.6148 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0319 points.

H1 Avg (Jan–Jun) 2.5829

H2 Avg (Jul–Dec) 2.6148

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.1459 MAD (High: 2.5669 / Low: 2.4210). On the other end, September was the most stable month, with a tight range of 0.0333 MAD (High: 2.5990 / Low: 2.5658).

January Spread (Volatile) ±0.1459

September Spread (Stable) ±0.0333

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0507 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0507

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 2.6389) against the same month in 2014 (average: 2.1686), the exchange rate shifted by +0.4704 (+21.69%).

2015 Avg (March) 2.6389

2014 Avg (March) 2.1686

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5669	2.4210	2.4937
February	2.5696	2.5233	2.5432
March	2.7009	2.5714	2.6389
April	2.6820	2.5922	2.6444
May	2.6299	2.5535	2.5937
June	2.6261	2.5655	2.5836
July	2.6406	2.5950	2.6160
August	2.6324	2.5413	2.5990
September	2.5990	2.5658	2.5868
October	2.6291	2.5577	2.5902
November	2.6830	2.6183	2.6600
December	2.6787	2.6218	2.6370