2015 ARS to MAD Historical Review

YEARLY HIGH

1.1531 MAD

YEARLY LOW

0.7446 MAD

YEARLY AVERAGE

1.0593 MAD

2015 ARS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ARS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 1.1531. Conversely, the yearly low was recorded on December 17, dropping to 0.7446.

This high-to-low spread represents a total annual volatility of 0.4085 MAD. From a start-to-finish perspective, comparing the January average rate of 1.0895 to the December average rate of 0.8918, the exchange rate registered a net change of -18.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.1531 was down 8.43% compared to the 2014 peak of 1.2593, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,766 MAD

2014 Average 5,197 MAD

Yearly Trough Low 3,723 MAD

Transaction Impact: A difference of 2,042.31 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.1510

0.8682

JanuMarcMayJulySeptNove

ARS 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 1.0988, compared to 1.0199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0789 points.

H1 Avg (Jan–Jun) 1.0988

H2 Avg (Jul–Dec) 1.0199

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.2928 MAD (High: 1.0374 / Low: 0.7446). On the other end, February was the most stable month, with a tight range of 0.0172 MAD (High: 1.1105 / Low: 1.0933).

December Spread (Volatile) ±0.2928

February Spread (Stable) ±0.0172

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 November and December, when the average rate fell by 0.1472 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1472

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 1.1274) against the same month in 2014 (average: 1.0263), the exchange rate shifted by +0.1011 (+9.85%).

2015 Avg (March) 1.1274

2014 Avg (March) 1.0263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1181	1.0659	1.0895
February	1.1105	1.0933	1.0993
March	1.1531	1.1045	1.1274
April	1.1376	1.0900	1.1201
May	1.0979	1.0697	1.0863
June	1.0936	1.0580	1.0702
July	1.0843	1.0640	1.0731
August	1.0728	1.0283	1.0544
September	1.0458	1.0262	1.0358
October	1.0360	1.0140	1.0252
November	1.0535	1.0295	1.0390
December	1.0374	0.7446	0.8918

2015 ARS నుండి MAD చారిత్రక సమీక్ష