2012 SZL to MAD Historical Review

YEARLY HIGH

1.1284 MAD

YEARLY LOW

0.9655 MAD

YEARLY AVERAGE

1.0537 MAD

2012 SZL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the SZL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 1.1284. Conversely, the yearly low was recorded on December 3, dropping to 0.9655.

This high-to-low spread represents a total annual volatility of 0.1629 MAD. From a start-to-finish perspective, comparing the January average rate of 1.0753 to the December average rate of 0.9845, the exchange rate registered a net change of -8.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.1284 was down 11.00% compared to the 2011 peak of 1.2679, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,642 MAD

2011 Average 5,611 MAD

Yearly Trough Low 4,828 MAD

Transaction Impact: A difference of 814.49 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.1241

0.9708

JanuMarcMayJulySeptNove

SZL 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 1.0807, compared to 1.0267 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0540 points.

H1 Avg (Jan–Jun) 1.0807

H2 Avg (Jul–Dec) 1.0267

Volatility Range Comparison

Volatility

The most volatile month in 2012 was August, with a trading range of 0.0681 MAD (High: 1.1068 / Low: 1.0387). On the other end, December was the most stable month, with a tight range of 0.0320 MAD (High: 0.9975 / Low: 0.9655).

August Spread (Volatile) ±0.0681

December Spread (Stable) ±0.0320

Growth Streaks & Declines

Trends

Between January and March, 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 September and October, when the average rate fell by 0.0508 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0508

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2012: 1.1113) against the same month in 2011 (average: 1.1623), the exchange rate shifted by -0.0510 (-4.39%).

2012 Avg (March) 1.1113

2011 Avg (March) 1.1623

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0898	1.0572	1.0753
February	1.1251	1.0905	1.1015
March	1.1284	1.0902	1.1113
April	1.0990	1.0628	1.0832
May	1.0987	1.0420	1.0623
June	1.0702	1.0295	1.0506
July	1.1016	1.0643	1.0850
August	1.1068	1.0387	1.0754
September	1.0602	1.0176	1.0413
October	1.0346	0.9706	0.9905
November	1.0022	0.9658	0.9836
December	0.9975	0.9655	0.9845