2017 ILS to MAD Historical Review

YEARLY HIGH

2.7820 MAD

YEARLY LOW

2.6042 MAD

YEARLY AVERAGE

2.6984 MAD

2017 ILS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the ILS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 16, valuing the pair at 2.7820. Conversely, the yearly low was recorded on August 6, dropping to 2.6042.

This high-to-low spread represents a total annual volatility of 0.1778 MAD. From a start-to-finish perspective, comparing the January average rate of 2.6369 to the December average rate of 2.6919, the exchange rate registered a net change of 2.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.7820 was up 4.33% compared to the 2016 peak of 2.6664, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,910 MAD

2016 Average 12,770 MAD

Yearly Trough Low 13,021 MAD

Transaction Impact: A difference of 888.95 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.7751

2.6081

JanuMarcMayJulySeptNove

ILS 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 2.7224, compared to 2.6743 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0481 points.

H1 Avg (Jan–Jun) 2.7224

H2 Avg (Jul–Dec) 2.6743

Volatility Range Comparison

Volatility

The most volatile month in 2017 was February, with a trading range of 0.1239 MAD (High: 2.7720 / Low: 2.6481). On the other end, October was the most stable month, with a tight range of 0.0298 MAD (High: 2.7035 / Low: 2.6737).

February Spread (Volatile) ±0.1239

October Spread (Stable) ±0.0298

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 July and August, when the average rate fell by 0.0786 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0786

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2017: 2.7612) against the same month in 2016 (average: 2.5161), the exchange rate shifted by +0.2451 (+9.74%).

2017 Avg (June) 2.7612

2016 Avg (June) 2.5161

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6638	2.6205	2.6369
February	2.7720	2.6481	2.7027
March	2.7731	2.7216	2.7466
April	2.7731	2.7205	2.7488
May	2.7570	2.7090	2.7384
June	2.7820	2.7329	2.7612
July	2.7622	2.6489	2.7006
August	2.6522	2.6042	2.6220
September	2.6829	2.6219	2.6530
October	2.7035	2.6737	2.6909
November	2.7182	2.6607	2.6875
December	2.7093	2.6701	2.6919