2016 GNF to MAD Historical Review

YEARLY HIGH

0.0013 MAD

YEARLY LOW

0.0011 MAD

YEARLY AVERAGE

0.0012 MAD

2016 GNF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the GNF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 27, valuing the pair at 0.0013. Conversely, the yearly low was recorded on September 10, dropping to 0.0011.

This high-to-low spread represents a total annual volatility of 0.0003 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0013 to the December average rate of 0.0011, the exchange rate registered a net change of -14.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0013 was down 6.00% compared to the 2015 peak of 0.0014, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7 MAD

2015 Average 7 MAD

Yearly Trough Low 5 MAD

Transaction Impact: A difference of 1.35 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0013

0.0010

JanuMarcMayJulySeptNove

GNF 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 0.0013, compared to 0.0011 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0013

H2 Avg (Jul–Dec) 0.0011

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0002 MAD (High: 0.0013 / Low: 0.0011). On the other end, April was the most stable month, with a tight range of 0.0000 MAD (High: 0.0013 / Low: 0.0013).

June Spread (Volatile) ±0.0002

April Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between September and November, 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 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 0.0013) against the same month in 2015 (average: 0.0013), the exchange rate shifted by -0.0000 (-1.37%).

2016 Avg (May) 0.0013

2015 Avg (May) 0.0013

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0013	0.0013	0.0013
February	0.0013	0.0013	0.0013
March	0.0013	0.0013	0.0013
April	0.0013	0.0013	0.0013
May	0.0013	0.0013	0.0013
June	0.0013	0.0011	0.0013
July	0.0011	0.0011	0.0011
August	0.0011	0.0011	0.0011
September	0.0011	0.0011	0.0011
October	0.0011	0.0011	0.0011
November	0.0011	0.0011	0.0011
December	0.0011	0.0011	0.0011