2016 HRK to MAD Historical Review

YEARLY HIGH

1.4661 MAD

YEARLY LOW

1.3996 MAD

YEARLY AVERAGE

1.4406 MAD

2016 HRK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the HRK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 12, valuing the pair at 1.4661. Conversely, the yearly low was recorded on January 24, dropping to 1.3996.

This high-to-low spread represents a total annual volatility of 0.0665 MAD. From a start-to-finish perspective, comparing the January average rate of 1.4058 to the December average rate of 1.4141, the exchange rate registered a net change of 0.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.4661 was up 0.67% compared to the 2015 peak of 1.4562, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,330 MAD

2015 Average 7,107 MAD

Yearly Trough Low 6,998 MAD

Transaction Impact: A difference of 332.37 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.4660

1.4003

JanuMarcMayJulySeptNove

HRK 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 1.4393, compared to 1.4420 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 1.4393

H2 Avg (Jul–Dec) 1.4420

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.0429 MAD (High: 1.4574 / Low: 1.4145). On the other end, April was the most stable month, with a tight range of 0.0110 MAD (High: 1.4661 / Low: 1.4550).

March Spread (Volatile) ±0.0429

April Spread (Stable) ±0.0110

Growth Streaks & Declines

Trends

Between January and April, 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 November and December, when the average rate fell by 0.0173 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2016: 1.4605) against the same month in 2015 (average: 1.4111), the exchange rate shifted by +0.0495 (+3.50%).

2016 Avg (April) 1.4605

2015 Avg (April) 1.4111

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4118	1.3996	1.4058
February	1.4312	1.4060	1.4217
March	1.4574	1.4145	1.4382
April	1.4661	1.4550	1.4605
May	1.4652	1.4412	1.4575
June	1.4649	1.4389	1.4519
July	1.4601	1.4399	1.4497
August	1.4648	1.4511	1.4573
September	1.4595	1.4476	1.4543
October	1.4549	1.4358	1.4451
November	1.4522	1.4155	1.4313
December	1.4265	1.4052	1.4141