2014 ZAR to MAD Historical Review

YEARLY HIGH

0.8118 MAD

YEARLY LOW

0.7292 MAD

YEARLY AVERAGE

0.7757 MAD

2014 ZAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ZAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.8118. Conversely, the yearly low was recorded on January 29, dropping to 0.7292.

This high-to-low spread represents a total annual volatility of 0.0825 MAD. From a start-to-finish perspective, comparing the January average rate of 0.7589 to the December average rate of 0.7776, the exchange rate registered a net change of 2.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.8118 was down 18.52% compared to the 2013 peak of 0.9963, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 40,588 MAD

2013 Average 43,734 MAD

Yearly Trough Low 36,460 MAD

Transaction Impact: A difference of 4,127.29 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.8029

0.7441

JanuMarcMayJulySeptNove

ZAR 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 0.7660, compared to 0.7854 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0194 points.

H1 Avg (Jan–Jun) 0.7660

H2 Avg (Jul–Dec) 0.7854

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0488 MAD (High: 0.7780 / Low: 0.7292). On the other end, June was the most stable month, with a tight range of 0.0140 MAD (High: 0.7790 / Low: 0.7651).

January Spread (Volatile) ±0.0488

June Spread (Stable) ±0.0140

Growth Streaks & Declines

Trends

Between February and May, 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 November and December, when the average rate fell by 0.0204 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0204

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.7980) against the same month in 2013 (average: 0.8139), the exchange rate shifted by -0.0159 (-1.96%).

2014 Avg (November) 0.7980

2013 Avg (November) 0.8139

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7780	0.7292	0.7589
February	0.7643	0.7366	0.7490
March	0.7737	0.7477	0.7569
April	0.7813	0.7616	0.7715
May	0.7977	0.7715	0.7863
June	0.7790	0.7651	0.7735
July	0.7922	0.7657	0.7766
August	0.7957	0.7770	0.7867
September	0.8018	0.7747	0.7845
October	0.8056	0.7780	0.7890
November	0.8118	0.7864	0.7980
December	0.8038	0.7575	0.7776