2014 SBD to MAD Historical Review

YEARLY HIGH

1.1979 MAD

YEARLY LOW

1.1051 MAD

YEARLY AVERAGE

1.1504 MAD

2014 SBD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SBD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 1.1979. Conversely, the yearly low was recorded on May 8, dropping to 1.1051.

This high-to-low spread represents a total annual volatility of 0.0928 MAD. From a start-to-finish perspective, comparing the January average rate of 1.1413 to the December average rate of 1.1815, the exchange rate registered a net change of 3.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.1979 was down 2.43% compared to the 2013 peak of 1.2277, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,989 MAD

2013 Average 5,876 MAD

Yearly Trough Low 5,526 MAD

Transaction Impact: A difference of 463.77 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1964

1.1113

JanuMarcMayJulySeptNove

SBD 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 1.1278, compared to 1.1731 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0453 points.

H1 Avg (Jan–Jun) 1.1278

H2 Avg (Jul–Dec) 1.1731

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0336 MAD (High: 1.1979 / Low: 1.1642). On the other end, January was the most stable month, with a tight range of 0.0121 MAD (High: 1.1478 / Low: 1.1357).

December Spread (Volatile) ±0.0336

January Spread (Stable) ±0.0121

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0117 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0117

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.1815) against the same month in 2013 (average: 1.1409), the exchange rate shifted by +0.0406 (+3.56%).

2014 Avg (December) 1.1815

2013 Avg (December) 1.1409

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1478	1.1357	1.1413
February	1.1436	1.1210	1.1307
March	1.1257	1.1112	1.1190
April	1.1276	1.1126	1.1184
May	1.1300	1.1051	1.1197
June	1.1465	1.1271	1.1374
July	1.1540	1.1347	1.1440
August	1.1749	1.1490	1.1594
September	1.1913	1.1668	1.1807
October	1.1966	1.1724	1.1838
November	1.1978	1.1819	1.1893
December	1.1979	1.1642	1.1815