2016 AFN to MAD Historical Review

YEARLY HIGH

0.1540 MAD

YEARLY LOW

0.1392 MAD

YEARLY AVERAGE

0.1447 MAD

2016 AFN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the AFN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.1540. Conversely, the yearly low was recorded on June 8, dropping to 0.1392.

This high-to-low spread represents a total annual volatility of 0.0147 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1444 to the December average rate of 0.1522, the exchange rate registered a net change of 5.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1540 was down 12.30% compared to the 2015 peak of 0.1755, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 770 MAD

2015 Average 798 MAD

Yearly Trough Low 696 MAD

Transaction Impact: A difference of 73.70 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1534

0.1393

JanuMarcMayJulySeptNove

AFN 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 0.1419, compared to 0.1475 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0056 points.

H1 Avg (Jan–Jun) 0.1419

H2 Avg (Jul–Dec) 0.1475

Volatility Range Comparison

Volatility

The most volatile month in 2016 was August, with a trading range of 0.0076 MAD (High: 0.1494 / Low: 0.1419). On the other end, July was the most stable month, with a tight range of 0.0013 MAD (High: 0.1432 / Low: 0.1419).

August Spread (Volatile) ±0.0076

July Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between June and December, 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 January and February, when the average rate fell by 0.0025 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.1522) against the same month in 2015 (average: 0.1465), the exchange rate shifted by +0.0057 (+3.86%).

2016 Avg (December) 0.1522

2015 Avg (December) 0.1465

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1454	0.1430	0.1444
February	0.1442	0.1400	0.1420
March	0.1443	0.1405	0.1425
April	0.1419	0.1403	0.1411
May	0.1419	0.1398	0.1409
June	0.1433	0.1392	0.1405
July	0.1432	0.1419	0.1427
August	0.1494	0.1419	0.1446
September	0.1480	0.1439	0.1458
October	0.1503	0.1474	0.1491
November	0.1514	0.1486	0.1502
December	0.1540	0.1498	0.1522