2016 CDF to MAD Historical Review

YEARLY HIGH

0.0109 MAD

YEARLY LOW

0.0085 MAD

YEARLY AVERAGE

0.0102 MAD

2016 CDF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the CDF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 20, valuing the pair at 0.0109. Conversely, the yearly low was recorded on December 24, dropping to 0.0085.

This high-to-low spread represents a total annual volatility of 0.0024 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0107 to the December average rate of 0.0087, the exchange rate registered a net change of -18.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0109 was down 0.05% compared to the 2015 peak of 0.0109, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 55 MAD

2015 Average 53 MAD

Yearly Trough Low 43 MAD

Transaction Impact: A difference of 11.93 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0109

0.0085

JanuMarcMayJulySeptNove

CDF 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 0.0105, compared to 0.0098 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0105

H2 Avg (Jul–Dec) 0.0098

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0021 MAD (High: 0.0109 / Low: 0.0088). On the other end, April was the most stable month, with a tight range of 0.0001 MAD (High: 0.0105 / Low: 0.0103).

November Spread (Volatile) ±0.0021

April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0014 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2016: 0.0101) against the same month in 2015 (average: 0.0108), the exchange rate shifted by -0.0007 (-6.41%).

2016 Avg (November) 0.0101

2015 Avg (November) 0.0108

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0108	0.0106	0.0107
February	0.0107	0.0104	0.0105
March	0.0107	0.0104	0.0105
April	0.0105	0.0103	0.0104
May	0.0105	0.0103	0.0104
June	0.0106	0.0101	0.0103
July	0.0104	0.0100	0.0103
August	0.0101	0.0099	0.0100
September	0.0100	0.0099	0.0100
October	0.0103	0.0099	0.0101
November	0.0109	0.0088	0.0101
December	0.0088	0.0085	0.0087