2018 SVC to MAD Historical Review

YEARLY HIGH

1.0988 MAD

YEARLY LOW

1.0422 MAD

YEARLY AVERAGE

1.0728 MAD

2018 SVC to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the SVC to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1.0988. Conversely, the yearly low was recorded on February 1, dropping to 1.0422.

This high-to-low spread represents a total annual volatility of 0.0566 MAD. From a start-to-finish perspective, comparing the January average rate of 1.0577 to the December average rate of 1.0902, the exchange rate registered a net change of 3.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.0988 was down 5.78% compared to the 2017 peak of 1.1661, 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 5,494 MAD

2017 Average 5,547 MAD

Yearly Trough Low 5,211 MAD

Transaction Impact: A difference of 282.82 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.0942

1.0457

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 1.0620, compared to 1.0836 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0216 points.

H1 Avg (Jan–Jun) 1.0620

H2 Avg (Jul–Dec) 1.0836

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0313 MAD (High: 1.0930 / Low: 1.0617). On the other end, July was the most stable month, with a tight range of 0.0086 MAD (High: 1.0855 / Low: 1.0769).

May Spread (Volatile) ±0.0313

July Spread (Stable) ±0.0086

Growth Streaks & Declines

Trends

Between March and June, 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 August and September, when the average rate fell by 0.0094 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 1.0902) against the same month in 2017 (average: 1.0764), the exchange rate shifted by +0.0137 (+1.27%).

2018 Avg (December) 1.0902

2017 Avg (December) 1.0764

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0728	1.0453	1.0577
February	1.0584	1.0422	1.0502
March	1.0543	1.0436	1.0498
April	1.0613	1.0473	1.0530
May	1.0930	1.0617	1.0765
June	1.0916	1.0767	1.0850
July	1.0855	1.0769	1.0808
August	1.0942	1.0714	1.0842
September	1.0795	1.0676	1.0748
October	1.0936	1.0773	1.0841
November	1.0965	1.0807	1.0876
December	1.0988	1.0833	1.0902