2016 ETB to MAD Historical Review

YEARLY HIGH

0.4703 MAD

YEARLY LOW

0.4357 MAD

YEARLY AVERAGE

0.4490 MAD

2016 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.4703. Conversely, the yearly low was recorded on August 21, dropping to 0.4357.

This high-to-low spread represents a total annual volatility of 0.0346 MAD. From a start-to-finish perspective, comparing the January average rate of 0.4663 to the December average rate of 0.4516, the exchange rate registered a net change of -3.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.4703 was down 5.26% compared to the 2015 peak of 0.4964, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,351 MAD

2015 Average 2,357 MAD

Yearly Trough Low 2,178 MAD

Transaction Impact: A difference of 173.06 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.4689

0.4371

JanuMarcMayJulySeptNove

ETB 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 0.4534, compared to 0.4447 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0087 points.

H1 Avg (Jan–Jun) 0.4534

H2 Avg (Jul–Dec) 0.4447

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.0152 MAD (High: 0.4636 / Low: 0.4485). On the other end, September was the most stable month, with a tight range of 0.0035 MAD (High: 0.4414 / Low: 0.4379).

March Spread (Volatile) ±0.0152

September Spread (Stable) ±0.0035

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 March and April, when the average rate fell by 0.0083 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0083

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.4663) against the same month in 2015 (average: 0.4626), the exchange rate shifted by +0.0037 (+0.80%).

2016 Avg (January) 0.4663

2015 Avg (January) 0.4626

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4703	0.4630	0.4663
February	0.4647	0.4520	0.4586
March	0.4636	0.4485	0.4563
April	0.4501	0.4442	0.4479
May	0.4486	0.4431	0.4461
June	0.4495	0.4423	0.4452
July	0.4486	0.4429	0.4467
August	0.4452	0.4357	0.4409
September	0.4414	0.4379	0.4398
October	0.4480	0.4377	0.4425
November	0.4520	0.4386	0.4465
December	0.4590	0.4470	0.4516