2017 CDF to MAD Historical Review

YEARLY HIGH

0.0088 MAD

YEARLY LOW

0.0057 MAD

YEARLY AVERAGE

0.0067 MAD

2017 CDF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the CDF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0088. Conversely, the yearly low was recorded on August 6, dropping to 0.0057.

This high-to-low spread represents a total annual volatility of 0.0030 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0083 to the December average rate of 0.0060, the exchange rate registered a net change of -28.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0088 was down 19.60% compared to the 2016 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 44 MAD

2016 Average 51 MAD

Yearly Trough Low 29 MAD

Transaction Impact: A difference of 15.23 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0085

0.0057

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 0.0074, compared to 0.0060 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0074

H2 Avg (Jul–Dec) 0.0060

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.0008 MAD (High: 0.0088 / Low: 0.0079). On the other end, September was the most stable month, with a tight range of 0.0001 MAD (High: 0.0061 / Low: 0.0060).

January Spread (Volatile) ±0.0008

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0005 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0083) against the same month in 2016 (average: 0.0107), the exchange rate shifted by -0.0024 (-22.38%).

2017 Avg (January) 0.0083

2016 Avg (January) 0.0107

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0088	0.0079	0.0083
February	0.0080	0.0077	0.0079
March	0.0077	0.0074	0.0075
April	0.0074	0.0071	0.0073
May	0.0071	0.0068	0.0070
June	0.0068	0.0065	0.0067
July	0.0065	0.0058	0.0062
August	0.0061	0.0057	0.0059
September	0.0061	0.0060	0.0060
October	0.0061	0.0060	0.0060
November	0.0061	0.0059	0.0060
December	0.0060	0.0059	0.0060