2017 ETB to MAD Historical Review

YEARLY HIGH

0.4534 MAD

YEARLY LOW

0.3415 MAD

YEARLY AVERAGE

0.4077 MAD

2017 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.4534. Conversely, the yearly low was recorded on December 29, dropping to 0.3415.

This high-to-low spread represents a total annual volatility of 0.1119 MAD. From a start-to-finish perspective, comparing the January average rate of 0.4460 to the December average rate of 0.3444, the exchange rate registered a net change of -22.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.4534 was down 3.59% compared to the 2016 peak of 0.4703, 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 2,267 MAD

2016 Average 2,245 MAD

Yearly Trough Low 1,707 MAD

Transaction Impact: A difference of 559.72 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.4561

0.3343

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 0.4366, compared to 0.3788 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0578 points.

H1 Avg (Jan–Jun) 0.4366

H2 Avg (Jul–Dec) 0.3788

Volatility Range Comparison

Volatility

The most volatile month in 2017 was October, with a trading range of 0.0577 MAD (High: 0.4033 / Low: 0.3456). On the other end, September was the most stable month, with a tight range of 0.0067 MAD (High: 0.4018 / Low: 0.3951).

October Spread (Volatile) ±0.0577

September Spread (Stable) ±0.0067

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0316 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0316

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.4460) against the same month in 2016 (average: 0.4663), the exchange rate shifted by -0.0203 (-4.35%).

2017 Avg (January) 0.4460

2016 Avg (January) 0.4663

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4534	0.4392	0.4460
February	0.4487	0.4377	0.4439
March	0.4475	0.4360	0.4415
April	0.4435	0.4311	0.4387
May	0.4328	0.4226	0.4274
June	0.4255	0.4156	0.4221
July	0.4176	0.4067	0.4125
August	0.4084	0.3963	0.4046
September	0.4018	0.3951	0.3984
October	0.4033	0.3456	0.3669
November	0.3506	0.3423	0.3462
December	0.3494	0.3415	0.3444