2015 TND to MAD Historical Review

YEARLY HIGH

5.1377 MAD

YEARLY LOW

4.8614 MAD

YEARLY AVERAGE

4.9708 MAD

2015 TND to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the TND to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 5.1377. Conversely, the yearly low was recorded on January 3, dropping to 4.8614.

This high-to-low spread represents a total annual volatility of 0.2763 MAD. From a start-to-finish perspective, comparing the January average rate of 4.9053 to the December average rate of 4.8835, the exchange rate registered a net change of -0.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 5.1377 was down 0.73% compared to the 2014 peak of 5.1757, 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 25,689 MAD

2014 Average 24,797 MAD

Yearly Trough Low 24,307 MAD

Transaction Impact: A difference of 1,381.54 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

5.0959

4.8642

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 5.0000, compared to 4.9417 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0583 points.

H1 Avg (Jan–Jun) 5.0000

H2 Avg (Jul–Dec) 4.9417

Volatility Range Comparison

Volatility

The most volatile month in 2015 was March, with a trading range of 0.1927 MAD (High: 5.1377 / Low: 4.9450). On the other end, September was the most stable month, with a tight range of 0.0278 MAD (High: 4.9721 / Low: 4.9443).

March Spread (Volatile) ±0.1927

September Spread (Stable) ±0.0278

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0448 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0448

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 5.0470) against the same month in 2014 (average: 5.1569), the exchange rate shifted by -0.1099 (-2.13%).

2015 Avg (March) 5.0470

2014 Avg (March) 5.1569

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.9577	4.8614	4.9053
February	4.9553	4.9259	4.9422
March	5.1377	4.9450	5.0470
April	5.0904	5.0450	5.0765
May	5.0840	4.9982	5.0318
June	5.0150	4.9852	4.9971
July	5.0023	4.9675	4.9894
August	5.0087	4.9450	4.9865
September	4.9721	4.9443	4.9529
October	4.9500	4.9178	4.9357
November	4.9281	4.8711	4.9021
December	4.9022	4.8675	4.8835