2016 HNL to MAD Historical Review

YEARLY HIGH

0.4463 MAD

YEARLY LOW

0.4213 MAD

YEARLY AVERAGE

0.4306 MAD

2016 HNL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the HNL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.4463. Conversely, the yearly low was recorded on August 21, dropping to 0.4213.

This high-to-low spread represents a total annual volatility of 0.0251 MAD. From a start-to-finish perspective, comparing the January average rate of 0.4416 to the December average rate of 0.4336, the exchange rate registered a net change of -1.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.4463 was down 6.11% compared to the 2015 peak of 0.4754, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,232 MAD

2015 Average 2,247 MAD

Yearly Trough Low 2,106 MAD

Transaction Impact: A difference of 125.28 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.4432

0.4239

JanuMarcMayJulySeptNove

HNL 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 0.4317, compared to 0.4296 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.4317

H2 Avg (Jul–Dec) 0.4296

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0139 MAD (High: 0.4405 / Low: 0.4265). On the other end, September was the most stable month, with a tight range of 0.0042 MAD (High: 0.4276 / Low: 0.4234).

February Spread (Volatile) ±0.0139

September Spread (Stable) ±0.0042

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 January and February, when the average rate fell by 0.0085 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0085

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.4416) against the same month in 2015 (average: 0.4447), the exchange rate shifted by -0.0031 (-0.69%).

2016 Avg (January) 0.4416

2015 Avg (January) 0.4447

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4463	0.4391	0.4416
February	0.4405	0.4265	0.4331
March	0.4378	0.4261	0.4317
April	0.4301	0.4256	0.4278
May	0.4323	0.4230	0.4282
June	0.4323	0.4244	0.4278
July	0.4321	0.4265	0.4305
August	0.4287	0.4213	0.4256
September	0.4276	0.4234	0.4255
October	0.4350	0.4237	0.4297
November	0.4368	0.4263	0.4326
December	0.4366	0.4303	0.4336