2016 MAD to ETB Historical Review

YEARLY HIGH

2.2954 ETB

YEARLY LOW

2.1264 ETB

YEARLY AVERAGE

2.2277 ETB

2016 MAD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MAD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 21, valuing the pair at 2.2954. Conversely, the yearly low was recorded on January 5, dropping to 2.1264.

This high-to-low spread represents a total annual volatility of 0.1689 ETB. From a start-to-finish perspective, comparing the January average rate of 2.1448 to the December average rate of 2.2146, the exchange rate registered a net change of 3.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.2954 was up 2.82% compared to the 2015 peak of 2.2325, 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 11,477 ETB

2015 Average 10,611 ETB

Yearly Trough Low 10,632 ETB

Transaction Impact: A difference of 844.70 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.2868

2.1318

JanuMarcMayJulySeptNove

MAD to ETB 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 2.2063, compared to 2.2492 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0430 points.

H1 Avg (Jan–Jun) 2.2063

H2 Avg (Jul–Dec) 2.2492

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.0730 ETB (High: 2.2298 / Low: 2.1568). On the other end, September was the most stable month, with a tight range of 0.0182 ETB (High: 2.2834 / Low: 2.2653).

March Spread (Volatile) ±0.0730

September Spread (Stable) ±0.0182

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0252 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0252

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 2.2681) against the same month in 2015 (average: 2.1359), the exchange rate shifted by +0.1322 (+6.19%).

2016 Avg (August) 2.2681

2015 Avg (August) 2.1359

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1597	2.1264	2.1448
February	2.2125	2.1517	2.1805
March	2.2298	2.1568	2.1919
April	2.2515	2.2217	2.2324
May	2.2568	2.2292	2.2419
June	2.2611	2.2245	2.2460
July	2.2577	2.2291	2.2389
August	2.2954	2.2460	2.2681
September	2.2834	2.2653	2.2739
October	2.2846	2.2320	2.2601
November	2.2802	2.2124	2.2398
December	2.2371	2.1786	2.2146