2017 HNL to MAD Historical Review

YEARLY HIGH

0.4416 MAD

YEARLY LOW

0.3957 MAD

YEARLY AVERAGE

0.4136 MAD

2017 HNL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the HNL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.4416. Conversely, the yearly low was recorded on December 30, dropping to 0.3957.

This high-to-low spread represents a total annual volatility of 0.0459 MAD. From a start-to-finish perspective, comparing the January average rate of 0.4310 to the December average rate of 0.3986, the exchange rate registered a net change of -7.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.4416 was down 1.06% compared to the 2016 peak of 0.4463, 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 2,208 MAD

2016 Average 2,153 MAD

Yearly Trough Low 1,979 MAD

Transaction Impact: A difference of 229.62 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.4343

0.3954

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 0.4248, compared to 0.4024 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0223 points.

H1 Avg (Jan–Jun) 0.4248

H2 Avg (Jul–Dec) 0.4024

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.0184 MAD (High: 0.4416 / Low: 0.4232). On the other end, December was the most stable month, with a tight range of 0.0060 MAD (High: 0.4017 / Low: 0.3957).

January Spread (Volatile) ±0.0184

December Spread (Stable) ±0.0060

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 April and May, when the average rate fell by 0.0086 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0086

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.4310) against the same month in 2016 (average: 0.4416), the exchange rate shifted by -0.0106 (-2.40%).

2017 Avg (January) 0.4310

2016 Avg (January) 0.4416

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4416	0.4232	0.4310
February	0.4306	0.4228	0.4273
March	0.4313	0.4229	0.4272
April	0.4314	0.4220	0.4278
May	0.4235	0.4149	0.4192
June	0.4199	0.4122	0.4161
July	0.4140	0.4044	0.4095
August	0.4074	0.3986	0.4044
September	0.4041	0.3970	0.3997
October	0.4054	0.3990	0.4021
November	0.4045	0.3961	0.4004
December	0.4017	0.3957	0.3986