2013 VEF to MAD Historical Review

YEARLY HIGH

2.0050 MAD

YEARLY LOW

1.2946 MAD

YEARLY AVERAGE

1.4802 MAD

2013 VEF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the VEF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 21, valuing the pair at 2.0050. Conversely, the yearly low was recorded on October 25, dropping to 1.2946.

This high-to-low spread represents a total annual volatility of 0.7104 MAD. From a start-to-finish perspective, comparing the January average rate of 1.9553 to the December average rate of 1.3039, the exchange rate registered a net change of -33.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 2.0050 was down 5.24% compared to the 2012 peak of 2.1158, 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 10,025 MAD

2012 Average 10,058 MAD

Yearly Trough Low 6,473 MAD

Transaction Impact: A difference of 3,552.00 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

2.0204

1.2387

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 1.6359, compared to 1.3245 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3115 points.

H1 Avg (Jan–Jun) 1.6359

H2 Avg (Jul–Dec) 1.3245

Volatility Range Comparison

Volatility

The most volatile month in 2013 was March, with a trading range of 0.6377 MAD (High: 2.0050 / Low: 1.3673). On the other end, August was the most stable month, with a tight range of 0.0146 MAD (High: 1.3415 / Low: 1.3269).

March Spread (Volatile) ±0.6377

August Spread (Stable) ±0.0146

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.4942 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.4942

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2013: 1.8512) against the same month in 2012 (average: 1.9674), the exchange rate shifted by -0.1162 (-5.91%).

2013 Avg (March) 1.8512

2012 Avg (March) 1.9674

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9831	1.9234	1.9553
February	1.9808	1.9127	1.9470
March	2.0050	1.3673	1.8512
April	1.3753	1.3464	1.3570
May	1.3732	1.3447	1.3610
June	1.3599	1.3277	1.3442
July	1.3747	1.3362	1.3522
August	1.3415	1.3269	1.3334
September	1.3495	1.3161	1.3305
October	1.3175	1.2946	1.3078
November	1.3287	1.3119	1.3191
December	1.3145	1.2969	1.3039