2018 SAR to MAD Historical Review

YEARLY HIGH

2.5622 MAD

YEARLY LOW

2.4310 MAD

YEARLY AVERAGE

2.5026 MAD

2018 SAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the SAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 2.5622. Conversely, the yearly low was recorded on February 15, dropping to 2.4310.

This high-to-low spread represents a total annual volatility of 0.1313 MAD. From a start-to-finish perspective, comparing the January average rate of 2.4672 to the December average rate of 2.5426, the exchange rate registered a net change of 3.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 2.5622 was down 5.70% compared to the 2017 peak of 2.7172, 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 12,811 MAD

2017 Average 12,938 MAD

Yearly Trough Low 12,155 MAD

Transaction Impact: A difference of 656.36 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

2.5519

2.4396

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 2.4777, compared to 2.5274 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0497 points.

H1 Avg (Jan–Jun) 2.4777

H2 Avg (Jul–Dec) 2.5274

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0925 MAD (High: 2.5508 / Low: 2.4583). On the other end, July was the most stable month, with a tight range of 0.0204 MAD (High: 2.5326 / Low: 2.5122).

May Spread (Volatile) ±0.0925

July Spread (Stable) ±0.0204

Growth Streaks & Declines

Trends

Between March and June, 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 August and September, when the average rate fell by 0.0204 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0204

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 2.5426) against the same month in 2017 (average: 2.5125), the exchange rate shifted by +0.0301 (+1.20%).

2018 Avg (December) 2.5426

2017 Avg (December) 2.5125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5012	2.4378	2.4672
February	2.4696	2.4310	2.4507
March	2.4594	2.4333	2.4490
April	2.4778	2.4425	2.4566
May	2.5508	2.4583	2.5111
June	2.5477	2.5069	2.5316
July	2.5326	2.5122	2.5219
August	2.5531	2.5015	2.5284
September	2.5210	2.4922	2.5080
October	2.5509	2.5139	2.5284
November	2.5566	2.5202	2.5353
December	2.5622	2.5267	2.5426