2015 SCR to MAD Historical Review

YEARLY HIGH

0.8210 MAD

YEARLY LOW

0.6506 MAD

YEARLY AVERAGE

0.7332 MAD

2015 SCR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the SCR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 2, valuing the pair at 0.8210. Conversely, the yearly low was recorded on January 11, dropping to 0.6506.

This high-to-low spread represents a total annual volatility of 0.1703 MAD. From a start-to-finish perspective, comparing the January average rate of 0.6731 to the December average rate of 0.7749, the exchange rate registered a net change of 15.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.8210 was up 19.34% compared to the 2014 peak of 0.6879, 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 4,105 MAD

2014 Average 3,312 MAD

Yearly Trough Low 3,253 MAD

Transaction Impact: A difference of 851.71 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.7880

0.6626

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 0.7106, compared to 0.7559 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) 0.7106

H2 Avg (Jul–Dec) 0.7559

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0801 MAD (High: 0.8210 / Low: 0.7409). On the other end, June was the most stable month, with a tight range of 0.0224 MAD (High: 0.7451 / Low: 0.7227).

December Spread (Volatile) ±0.0801

June Spread (Stable) ±0.0224

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 0.0063 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0063

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.7749) against the same month in 2014 (average: 0.6393), the exchange rate shifted by +0.1356 (+21.22%).

2015 Avg (December) 0.7749

2014 Avg (December) 0.6393

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6967	0.6506	0.6731
February	0.6982	0.6694	0.6806
March	0.7472	0.6868	0.7221
April	0.7417	0.7147	0.7311
May	0.7427	0.7114	0.7248
June	0.7451	0.7227	0.7320
July	0.7609	0.7349	0.7480
August	0.7595	0.7252	0.7450
September	0.7635	0.7187	0.7437
October	0.7728	0.7142	0.7460
November	0.8041	0.7423	0.7776
December	0.8210	0.7409	0.7749