2012 VEF to MAD Historical Review

YEARLY HIGH

2.1158 MAD

YEARLY LOW

1.9369 MAD

YEARLY AVERAGE

2.0113 MAD

2012 VEF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the VEF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 2.1158. Conversely, the yearly low was recorded on February 26, dropping to 1.9369.

This high-to-low spread represents a total annual volatility of 0.1789 MAD. From a start-to-finish perspective, comparing the January average rate of 2.0059 to the December average rate of 1.9784, the exchange rate registered a net change of -1.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.1158 was up 5.58% compared to the 2011 peak of 2.0040, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,579 MAD

2011 Average 9,420 MAD

Yearly Trough Low 9,684 MAD

Transaction Impact: A difference of 894.63 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.0975

1.9520

JanuMarcMayJulySeptNove

VEF 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 1.9964, compared to 2.0261 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0297 points.

H1 Avg (Jan–Jun) 1.9964

H2 Avg (Jul–Dec) 2.0261

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.1058 MAD (High: 2.0710 / Low: 1.9652). On the other end, October was the most stable month, with a tight range of 0.0282 MAD (High: 2.0081 / Low: 1.9799).

May Spread (Volatile) ±0.1058

October Spread (Stable) ±0.0282

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0612 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0612

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 2.0853) against the same month in 2011 (average: 1.8431), the exchange rate shifted by +0.2423 (+13.14%).

2012 Avg (July) 2.0853

2011 Avg (July) 1.8431

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0355	1.9702	2.0059
February	1.9914	1.9369	1.9641
March	1.9887	1.9504	1.9674
April	1.9880	1.9513	1.9724
May	2.0710	1.9652	2.0164
June	2.0772	2.0282	2.0524
July	2.1158	2.0349	2.0853
August	2.0904	2.0443	2.0715
September	2.0491	1.9761	2.0102
October	2.0081	1.9799	1.9963
November	2.0326	1.9938	2.0150
December	2.0016	1.9615	1.9784