2016 CLP to MAD Historical Review

YEARLY HIGH

0.0155 MAD

YEARLY LOW

0.0135 MAD

YEARLY AVERAGE

0.0145 MAD

2016 CLP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the CLP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 0.0155. Conversely, the yearly low was recorded on January 17, dropping to 0.0135.

This high-to-low spread represents a total annual volatility of 0.0020 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0137 to the December average rate of 0.0152, the exchange rate registered a net change of 10.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0155 was down 5.04% compared to the 2015 peak of 0.0163, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 15,497 MAD

2015 Average 14,944 MAD

Yearly Trough Low 13,479 MAD

Transaction Impact: A difference of 2,017.42 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0153

0.0136

JanuMarcMayJulySeptNove

CLP 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 0.0141, compared to 0.0149 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0141

H2 Avg (Jul–Dec) 0.0149

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0007 MAD (High: 0.0143 / Low: 0.0136). On the other end, March was the most stable month, with a tight range of 0.0003 MAD (High: 0.0145 / Low: 0.0142).

February Spread (Volatile) ±0.0007

March Spread (Stable) ±0.0003

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 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.0152) against the same month in 2015 (average: 0.0141), the exchange rate shifted by +0.0011 (+7.84%).

2016 Avg (December) 0.0152

2015 Avg (December) 0.0141

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0140	0.0135	0.0137
February	0.0143	0.0136	0.0139
March	0.0145	0.0142	0.0144
April	0.0147	0.0141	0.0144
May	0.0146	0.0140	0.0142
June	0.0147	0.0141	0.0143
July	0.0151	0.0148	0.0149
August	0.0151	0.0144	0.0147
September	0.0148	0.0143	0.0145
October	0.0152	0.0146	0.0148
November	0.0151	0.0148	0.0149
December	0.0155	0.0149	0.0152