2014 SVC to MAD Historical Review

YEARLY HIGH

1.0324 MAD

YEARLY LOW

0.9245 MAD

YEARLY AVERAGE

0.9614 MAD

2014 SVC to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SVC to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.0324. Conversely, the yearly low was recorded on March 17, dropping to 0.9245.

This high-to-low spread represents a total annual volatility of 0.1079 MAD. From a start-to-finish perspective, comparing the January average rate of 0.9407 to the December average rate of 1.0208, the exchange rate registered a net change of 8.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0324 was up 4.27% compared to the 2013 peak of 0.9901, 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 5,162 MAD

2013 Average 4,806 MAD

Yearly Trough Low 4,623 MAD

Transaction Impact: A difference of 539.41 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0299

0.9206

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 0.9362, compared to 0.9866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0504 points.

H1 Avg (Jan–Jun) 0.9362

H2 Avg (Jul–Dec) 0.9866

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0288 MAD (High: 0.9972 / Low: 0.9684). On the other end, June was the most stable month, with a tight range of 0.0083 MAD (High: 0.9465 / Low: 0.9382).

September Spread (Volatile) ±0.0288

June Spread (Stable) ±0.0083

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0094 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.0208) against the same month in 2013 (average: 0.9376), the exchange rate shifted by +0.0832 (+8.87%).

2014 Avg (December) 1.0208

2013 Avg (December) 0.9376

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9456	0.9334	0.9407
February	0.9489	0.9314	0.9393
March	0.9354	0.9245	0.9298
April	0.9362	0.9265	0.9297
May	0.9420	0.9255	0.9350
June	0.9465	0.9382	0.9429
July	0.9544	0.9395	0.9460
August	0.9683	0.9524	0.9581
September	0.9972	0.9684	0.9837
October	1.0068	0.9923	0.9990
November	1.0159	1.0061	1.0119
December	1.0324	1.0112	1.0208