2016 BIF to MAD Historical Review

YEARLY HIGH

0.0064 MAD

YEARLY LOW

0.0058 MAD

YEARLY AVERAGE

0.0061 MAD

2016 BIF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BIF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 0.0064. Conversely, the yearly low was recorded on June 22, dropping to 0.0058.

This high-to-low spread represents a total annual volatility of 0.0006 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0063 to the December average rate of 0.0060, the exchange rate registered a net change of -4.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0064 was down 1.45% compared to the 2015 peak of 0.0065, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 32 MAD

2015 Average 31 MAD

Yearly Trough Low 29 MAD

Transaction Impact: A difference of 3.17 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0064

0.0058

JanuMarcMayJulySeptNove

BIF 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 0.0062, compared to 0.0059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0062

H2 Avg (Jul–Dec) 0.0059

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0005 MAD (High: 0.0063 / Low: 0.0058). On the other end, September was the most stable month, with a tight range of 0.0001 MAD (High: 0.0059 / Low: 0.0058).

June Spread (Volatile) ±0.0005

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0063) against the same month in 2015 (average: 0.0060), the exchange rate shifted by +0.0004 (+6.13%).

2016 Avg (January) 0.0063

2015 Avg (January) 0.0060

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0064	0.0063	0.0063
February	0.0063	0.0062	0.0063
March	0.0063	0.0062	0.0063
April	0.0063	0.0062	0.0062
May	0.0063	0.0061	0.0062
June	0.0063	0.0058	0.0061
July	0.0060	0.0059	0.0059
August	0.0059	0.0058	0.0059
September	0.0059	0.0058	0.0058
October	0.0059	0.0058	0.0059
November	0.0060	0.0058	0.0060
December	0.0061	0.0060	0.0060