2014 VUV to MAD Historical Review

YEARLY HIGH

0.0906 MAD

YEARLY LOW

0.0838 MAD

YEARLY AVERAGE

0.0873 MAD

2014 VUV to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VUV to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 0.0906. Conversely, the yearly low was recorded on March 8, dropping to 0.0838.

This high-to-low spread represents a total annual volatility of 0.0067 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0854 to the December average rate of 0.0875, the exchange rate registered a net change of 2.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0906 was down 4.11% compared to the 2013 peak of 0.0945, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 453 MAD

2013 Average 448 MAD

Yearly Trough Low 419 MAD

Transaction Impact: A difference of 33.75 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0901

0.0842

JanuMarcMayJulySeptNove

VUV 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 0.0859, compared to 0.0887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0859

H2 Avg (Jul–Dec) 0.0887

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0037 MAD (High: 0.0896 / Low: 0.0859). On the other end, August was the most stable month, with a tight range of 0.0012 MAD (High: 0.0892 / Low: 0.0880).

December Spread (Volatile) ±0.0037

August Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0019 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 0.0896) against the same month in 2013 (average: 0.0870), the exchange rate shifted by +0.0027 (+3.08%).

2014 Avg (September) 0.0896

2013 Avg (September) 0.0870

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0862	0.0842	0.0854
February	0.0863	0.0843	0.0850
March	0.0864	0.0838	0.0847
April	0.0874	0.0853	0.0864
May	0.0875	0.0856	0.0867
June	0.0880	0.0859	0.0873
July	0.0890	0.0876	0.0881
August	0.0892	0.0880	0.0888
September	0.0906	0.0887	0.0896
October	0.0894	0.0877	0.0885
November	0.0900	0.0883	0.0894
December	0.0896	0.0859	0.0875