2012 SVC to MAD Historical Review

YEARLY HIGH

1.0367 MAD

YEARLY LOW

0.9513 MAD

YEARLY AVERAGE

0.9872 MAD

2012 SVC to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the SVC to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 1.0367. Conversely, the yearly low was recorded on February 26, dropping to 0.9513.

This high-to-low spread represents a total annual volatility of 0.0855 MAD. From a start-to-finish perspective, comparing the January average rate of 0.9845 to the December average rate of 0.9711, the exchange rate registered a net change of -1.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.0367 was up 5.40% compared to the 2011 peak of 0.9836, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,184 MAD

2011 Average 4,626 MAD

Yearly Trough Low 4,756 MAD

Transaction Impact: A difference of 427.30 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.0290

0.9583

JanuMarcMayJulySeptNove

SVC 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 0.9800, compared to 0.9944 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0144 points.

H1 Avg (Jan–Jun) 0.9800

H2 Avg (Jul–Dec) 0.9944

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0520 MAD (High: 1.0163 / Low: 0.9644). On the other end, October was the most stable month, with a tight range of 0.0147 MAD (High: 0.9854 / Low: 0.9707).

May Spread (Volatile) ±0.0520

October Spread (Stable) ±0.0147

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0296 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0296

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 1.0231) against the same month in 2011 (average: 0.9050), the exchange rate shifted by +0.1181 (+13.04%).

2012 Avg (July) 1.0231

2011 Avg (July) 0.9050

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9996	0.9675	0.9845
February	0.9773	0.9513	0.9642
March	0.9757	0.9570	0.9657
April	0.9757	0.9582	0.9682
May	1.0163	0.9644	0.9897
June	1.0197	0.9986	1.0078
July	1.0367	1.0000	1.0231
August	1.0264	1.0029	1.0166
September	1.0068	0.9710	0.9870
October	0.9854	0.9707	0.9797
November	0.9967	0.9784	0.9889
December	0.9833	0.9606	0.9711