2016 BWP to MAD Historical Review

YEARLY HIGH

0.9506 MAD

YEARLY LOW

0.8458 MAD

YEARLY AVERAGE

0.9006 MAD

2016 BWP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BWP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 0.9506. Conversely, the yearly low was recorded on January 20, dropping to 0.8458.

This high-to-low spread represents a total annual volatility of 0.1048 MAD. From a start-to-finish perspective, comparing the January average rate of 0.8601 to the December average rate of 0.9417, the exchange rate registered a net change of 9.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.9506 was down 6.35% compared to the 2015 peak of 1.0150, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,753 MAD

2015 Average 4,818 MAD

Yearly Trough Low 4,229 MAD

Transaction Impact: A difference of 523.90 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.9498

0.8519

JanuMarcMayJulySeptNove

BWP 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 0.8767, compared to 0.9245 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0478 points.

H1 Avg (Jan–Jun) 0.8767

H2 Avg (Jul–Dec) 0.9245

Volatility Range Comparison

Volatility

The most volatile month in 2016 was September, with a trading range of 0.0429 MAD (High: 0.9333 / Low: 0.8905). On the other end, December was the most stable month, with a tight range of 0.0185 MAD (High: 0.9506 / Low: 0.9321).

September Spread (Volatile) ±0.0429

December Spread (Stable) ±0.0185

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0146 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.9417) against the same month in 2015 (average: 0.8970), the exchange rate shifted by +0.0447 (+4.98%).

2016 Avg (December) 0.9417

2015 Avg (December) 0.8970

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8826	0.8458	0.8601
February	0.8876	0.8538	0.8669
March	0.8879	0.8552	0.8755
April	0.9093	0.8735	0.8941
May	0.9060	0.8654	0.8796
June	0.9016	0.8674	0.8839
July	0.9198	0.8962	0.9095
August	0.9428	0.9040	0.9272
September	0.9333	0.8905	0.9144
October	0.9380	0.9096	0.9236
November	0.9440	0.9160	0.9305
December	0.9506	0.9321	0.9417