2014 SZL to MAD Historical Review

YEARLY HIGH

0.8118 MAD

YEARLY LOW

0.7342 MAD

YEARLY AVERAGE

0.7755 MAD

2014 SZL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SZL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.8118. Conversely, the yearly low was recorded on January 29, dropping to 0.7342.

This high-to-low spread represents a total annual volatility of 0.0776 MAD. From a start-to-finish perspective, comparing the January average rate of 0.7587 to the December average rate of 0.7773, the exchange rate registered a net change of 2.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.8118 was down 18.42% compared to the 2013 peak of 0.9952, 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 4,059 MAD

2013 Average 4,373 MAD

Yearly Trough Low 3,671 MAD

Transaction Impact: A difference of 388.05 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.8033

0.7430

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 0.7657, compared to 0.7853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0196 points.

H1 Avg (Jan–Jun) 0.7657

H2 Avg (Jul–Dec) 0.7853

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0470 MAD (High: 0.8027 / Low: 0.7558). On the other end, June was the most stable month, with a tight range of 0.0160 MAD (High: 0.7830 / Low: 0.7669).

December Spread (Volatile) ±0.0470

June Spread (Stable) ±0.0160

Growth Streaks & Declines

Trends

Between February and May, 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 November and December, when the average rate fell by 0.0211 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0211

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.7983) against the same month in 2013 (average: 0.8140), the exchange rate shifted by -0.0156 (-1.92%).

2014 Avg (November) 0.7983

2013 Avg (November) 0.8140

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7765	0.7342	0.7587
February	0.7631	0.7378	0.7481
March	0.7727	0.7473	0.7572
April	0.7787	0.7621	0.7711
May	0.7969	0.7705	0.7858
June	0.7830	0.7669	0.7733
July	0.7918	0.7656	0.7763
August	0.7965	0.7778	0.7863
September	0.8014	0.7752	0.7849
October	0.8047	0.7782	0.7888
November	0.8118	0.7873	0.7983
December	0.8027	0.7558	0.7773