2016 FJD to MAD Historical Review

YEARLY HIGH

4.8550 MAD

YEARLY LOW

4.5116 MAD

YEARLY AVERAGE

4.7004 MAD

2016 FJD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the FJD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 4.8550. Conversely, the yearly low was recorded on February 9, dropping to 4.5116.

This high-to-low spread represents a total annual volatility of 0.3435 MAD. From a start-to-finish perspective, comparing the January average rate of 4.5997 to the December average rate of 4.8083, the exchange rate registered a net change of 4.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 4.8550 was down 1.10% compared to the 2015 peak of 4.9093, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 24,275 MAD

2015 Average 23,339 MAD

Yearly Trough Low 22,558 MAD

Transaction Impact: A difference of 1,717.27 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

4.8311

4.5570

JanuMarcMayJulySeptNove

FJD 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 4.6297, compared to 4.7710 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1414 points.

H1 Avg (Jan–Jun) 4.6297

H2 Avg (Jul–Dec) 4.7710

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.1688 MAD (High: 4.7431 / Low: 4.5743). On the other end, March was the most stable month, with a tight range of 0.0494 MAD (High: 4.6845 / Low: 4.6352).

June Spread (Volatile) ±0.1688

March Spread (Stable) ±0.0494

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 April and May, when the average rate fell by 0.0668 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0668

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 4.8083) against the same month in 2015 (average: 4.6441), the exchange rate shifted by +0.1642 (+3.54%).

2016 Avg (December) 4.8083

2015 Avg (December) 4.6441

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.6584	4.5362	4.5997
February	4.6596	4.5116	4.5798
March	4.6845	4.6352	4.6590
April	4.7209	4.6150	4.6694
May	4.6514	4.5799	4.6026
June	4.7431	4.5743	4.6675
July	4.7975	4.7007	4.7534
August	4.7812	4.7100	4.7444
September	4.7655	4.7003	4.7430
October	4.8233	4.6945	4.7721
November	4.8313	4.7617	4.8050
December	4.8550	4.7673	4.8083