2016 MAD to BAM Historical Review

YEARLY HIGH

0.1849 BAM

YEARLY LOW

0.1778 BAM

YEARLY AVERAGE

0.1803 BAM

2016 MAD to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MAD to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.1849. Conversely, the yearly low was recorded on May 1, dropping to 0.1778.

This high-to-low spread represents a total annual volatility of 0.0072 BAM. From a start-to-finish perspective, comparing the January average rate of 0.1817 to the December average rate of 0.1836, the exchange rate registered a net change of 1.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1849 was up 0.50% compared to the 2015 peak of 0.1840, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 925 BAM

2015 Average 904 BAM

Yearly Trough Low 889 BAM

Transaction Impact: A difference of 35.76 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1841

0.1781

JanuMarcMayJulySeptNove

MAD to BAM 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 0.1798, compared to 0.1809 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.1798

H2 Avg (Jul–Dec) 0.1809

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0042 BAM (High: 0.1837 / Low: 0.1795). On the other end, September was the most stable month, with a tight range of 0.0009 BAM (High: 0.1801 / Low: 0.1792).

November Spread (Volatile) ±0.0042

September Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0015 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.1836) against the same month in 2015 (average: 0.1814), the exchange rate shifted by +0.0022 (+1.23%).

2016 Avg (December) 0.1836

2015 Avg (December) 0.1814

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1825	0.1813	0.1817
February	0.1817	0.1789	0.1802
March	0.1817	0.1785	0.1800
April	0.1796	0.1781	0.1786
May	0.1811	0.1778	0.1790
June	0.1812	0.1779	0.1792
July	0.1812	0.1793	0.1803
August	0.1802	0.1786	0.1795
September	0.1801	0.1792	0.1796
October	0.1817	0.1793	0.1805
November	0.1837	0.1795	0.1820
December	0.1849	0.1821	0.1836