2014 TND to MAD Historical Review

YEARLY HIGH

5.1757 MAD

YEARLY LOW

4.7884 MAD

YEARLY AVERAGE

4.9608 MAD

2014 TND to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 2, valuing the pair at 5.1757. Conversely, the yearly low was recorded on December 10, dropping to 4.7884.

This high-to-low spread represents a total annual volatility of 0.3873 MAD. From a start-to-finish perspective, comparing the January average rate of 5.0094 to the December average rate of 4.8142, the exchange rate registered a net change of -3.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 5.1757 was down 4.95% compared to the 2013 peak of 5.4452, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 25,879 MAD

2013 Average 25,883 MAD

Yearly Trough Low 23,942 MAD

Transaction Impact: A difference of 1,936.46 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

5.2001

4.7791

JanuMarcMayJulySeptNove

TND 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 5.0786, compared to 4.8430 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2356 points.

H1 Avg (Jan–Jun) 5.0786

H2 Avg (Jul–Dec) 4.8430

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.2142 MAD (High: 5.1645 / Low: 4.9503). On the other end, February was the most stable month, with a tight range of 0.0176 MAD (High: 5.1736 / Low: 5.1560).

January Spread (Volatile) ±0.2142

February Spread (Stable) ±0.0176

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1301 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1301

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 5.1569) against the same month in 2013 (average: 5.4114), the exchange rate shifted by -0.2544 (-4.70%).

2014 Avg (March) 5.1569

2013 Avg (March) 5.4114

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	5.1645	4.9503	5.0094
February	5.1736	5.1560	5.1650
March	5.1757	5.1379	5.1569
April	5.1544	5.0602	5.1207
May	5.0698	5.0363	5.0506
June	5.0488	4.8794	4.9692
July	4.8853	4.7928	4.8390
August	4.8724	4.8529	4.8653
September	4.8876	4.8485	4.8637
October	4.8690	4.8357	4.8497
November	4.8534	4.8077	4.8262
December	4.8643	4.7884	4.8142