2018 ZAR to MAD Historical Review

YEARLY HIGH

0.7981 MAD

YEARLY LOW

0.6110 MAD

YEARLY AVERAGE

0.7130 MAD

2018 ZAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ZAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 0.7981. Conversely, the yearly low was recorded on September 5, dropping to 0.6110.

This high-to-low spread represents a total annual volatility of 0.1871 MAD. From a start-to-finish perspective, comparing the January average rate of 0.7591 to the December average rate of 0.6677, the exchange rate registered a net change of -12.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.7981 was down 0.74% compared to the 2017 peak of 0.8041, 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 39,906 MAD

2017 Average 36,503 MAD

Yearly Trough Low 30,551 MAD

Transaction Impact: A difference of 9,355.26 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.7916

0.6248

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 0.7567, compared to 0.6693 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0873 points.

H1 Avg (Jan–Jun) 0.7567

H2 Avg (Jul–Dec) 0.6693

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.0753 MAD (High: 0.7154 / Low: 0.6401). On the other end, March was the most stable month, with a tight range of 0.0230 MAD (High: 0.7854 / Low: 0.7624).

August Spread (Volatile) ±0.0753

March Spread (Stable) ±0.0230

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0371 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0371

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 0.7777) against the same month in 2017 (average: 0.7638), the exchange rate shifted by +0.0139 (+1.82%).

2018 Avg (February) 0.7777

2017 Avg (February) 0.7638

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7723	0.7475	0.7591
February	0.7981	0.7561	0.7777
March	0.7854	0.7624	0.7755
April	0.7795	0.7436	0.7613
May	0.7642	0.7349	0.7517
June	0.7546	0.6889	0.7146
July	0.7186	0.6864	0.7066
August	0.7154	0.6401	0.6755
September	0.6673	0.6110	0.6387
October	0.6666	0.6376	0.6522
November	0.6940	0.6606	0.6752
December	0.6938	0.6527	0.6677