2015 VEF to MAD Historical Review

YEARLY HIGH

1.6047 MAD

YEARLY LOW

1.4391 MAD

YEARLY AVERAGE

1.5430 MAD

2015 VEF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the VEF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 1.6047. Conversely, the yearly low was recorded on January 1, dropping to 1.4391.

This high-to-low spread represents a total annual volatility of 0.1656 MAD. From a start-to-finish perspective, comparing the January average rate of 1.4829 to the December average rate of 1.5656, the exchange rate registered a net change of 5.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.6047 was up 12.01% compared to the 2014 peak of 1.4327, 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 8,024 MAD

2014 Average 6,682 MAD

Yearly Trough Low 7,195 MAD

Transaction Impact: A difference of 828.09 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.5886

1.4733

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 1.5341, compared to 1.5519 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0179 points.

H1 Avg (Jan–Jun) 1.5341

H2 Avg (Jul–Dec) 1.5519

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0863 MAD (High: 1.5254 / Low: 1.4391). On the other end, September was the most stable month, with a tight range of 0.0196 MAD (High: 1.5422 / Low: 1.5226).

January Spread (Volatile) ±0.0863

September Spread (Stable) ±0.0196

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 0.0301 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0301

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 1.5674) against the same month in 2014 (average: 1.2925), the exchange rate shifted by +0.2749 (+21.27%).

2015 Avg (March) 1.5674

2014 Avg (March) 1.2925

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5254	1.4391	1.4829
February	1.5241	1.5023	1.5111
March	1.6047	1.5278	1.5674
April	1.5930	1.5386	1.5698
May	1.5614	1.5157	1.5397
June	1.5593	1.5228	1.5336
July	1.5678	1.5401	1.5525
August	1.5618	1.5078	1.5423
September	1.5422	1.5226	1.5352
October	1.5600	1.5173	1.5370
November	1.5940	1.5535	1.5790
December	1.5902	1.5561	1.5656