2014 SCR to MAD Historical Review

YEARLY HIGH

0.6879 MAD

YEARLY LOW

0.6164 MAD

YEARLY AVERAGE

0.6624 MAD

2014 SCR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SCR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.6879. Conversely, the yearly low was recorded on October 30, dropping to 0.6164.

This high-to-low spread represents a total annual volatility of 0.0715 MAD. From a start-to-finish perspective, comparing the January average rate of 0.6821 to the December average rate of 0.6393, the exchange rate registered a net change of -6.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.6879 was down 7.17% compared to the 2013 peak of 0.7411, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,440 MAD

2013 Average 3,483 MAD

Yearly Trough Low 3,082 MAD

Transaction Impact: A difference of 357.70 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.6879

0.6179

JanuMarcMayJulySeptNove

SCR 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 0.6743, compared to 0.6505 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0238 points.

H1 Avg (Jan–Jun) 0.6743

H2 Avg (Jul–Dec) 0.6505

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0551 MAD (High: 0.6777 / Low: 0.6226). On the other end, November was the most stable month, with a tight range of 0.0061 MAD (High: 0.6268 / Low: 0.6206).

December Spread (Volatile) ±0.0551

November Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0181 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0181

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.6821) against the same month in 2013 (average: 0.6452), the exchange rate shifted by +0.0369 (+5.72%).

2014 Avg (January) 0.6821

2013 Avg (January) 0.6452

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6879	0.6770	0.6821
February	0.6850	0.6726	0.6770
March	0.6811	0.6620	0.6701
April	0.6827	0.6604	0.6737
May	0.6853	0.6548	0.6706
June	0.6799	0.6645	0.6724
July	0.6771	0.6651	0.6727
August	0.6800	0.6521	0.6670
September	0.6656	0.6529	0.6588
October	0.6700	0.6164	0.6417
November	0.6268	0.6206	0.6237
December	0.6777	0.6226	0.6393