2017 AFN to MAD Historical Review

YEARLY HIGH

0.1527 MAD

YEARLY LOW

0.1342 MAD

YEARLY AVERAGE

0.1429 MAD

2017 AFN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the AFN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.1527. Conversely, the yearly low was recorded on December 29, dropping to 0.1342.

This high-to-low spread represents a total annual volatility of 0.0184 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1508 to the December average rate of 0.1361, the exchange rate registered a net change of -9.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.1527 was down 0.84% compared to the 2016 peak of 0.1540, 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 763 MAD

2016 Average 723 MAD

Yearly Trough Low 671 MAD

Transaction Impact: A difference of 92.04 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.1522

0.1346

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 0.1481, compared to 0.1378 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0102 points.

H1 Avg (Jan–Jun) 0.1481

H2 Avg (Jul–Dec) 0.1378

Volatility Range Comparison

Volatility

The most volatile month in 2017 was April, with a trading range of 0.0045 MAD (High: 0.1509 / Low: 0.1465). On the other end, October was the most stable month, with a tight range of 0.0015 MAD (High: 0.1393 / Low: 0.1378).

April Spread (Volatile) ±0.0045

October Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0041 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.1508) against the same month in 2016 (average: 0.1444), the exchange rate shifted by +0.0063 (+4.40%).

2017 Avg (January) 0.1508

2016 Avg (January) 0.1444

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1527	0.1494	0.1508
February	0.1515	0.1491	0.1506
March	0.1517	0.1492	0.1505
April	0.1509	0.1465	0.1487
May	0.1465	0.1426	0.1446
June	0.1444	0.1419	0.1432
July	0.1421	0.1385	0.1404
August	0.1388	0.1364	0.1379
September	0.1380	0.1356	0.1366
October	0.1393	0.1378	0.1383
November	0.1393	0.1363	0.1377
December	0.1378	0.1342	0.1361