2016 MAD to HNL Historical Review

YEARLY HIGH

2.3737 HNL

YEARLY LOW

2.2404 HNL

YEARLY AVERAGE

2.3224 HNL

2016 MAD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MAD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 21, valuing the pair at 2.3737. Conversely, the yearly low was recorded on January 5, dropping to 2.2404.

This high-to-low spread represents a total annual volatility of 0.1332 HNL. From a start-to-finish perspective, comparing the January average rate of 2.2644 to the December average rate of 2.3065, the exchange rate registered a net change of 1.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.3737 was up 2.21% compared to the 2015 peak of 2.3224, 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 11,868 HNL

2015 Average 11,129 HNL

Yearly Trough Low 11,202 HNL

Transaction Impact: A difference of 666.25 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.3589

2.2559

JanuMarcMayJulySeptNove

MAD to HNL 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 2.3167, compared to 2.3280 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0113 points.

H1 Avg (Jan–Jun) 2.3167

H2 Avg (Jul–Dec) 2.3280

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0742 HNL (High: 2.3445 / Low: 2.2703). On the other end, September was the most stable month, with a tight range of 0.0233 HNL (High: 2.3619 / Low: 2.3386).

February Spread (Volatile) ±0.0742

September Spread (Stable) ±0.0233

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 September and October, when the average rate fell by 0.0229 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0229

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 2.3495) against the same month in 2015 (average: 2.2477), the exchange rate shifted by +0.1019 (+4.53%).

2016 Avg (August) 2.3495

2015 Avg (August) 2.2477

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2775	2.2404	2.2644
February	2.3445	2.2703	2.3089
March	2.3469	2.2840	2.3167
April	2.3494	2.3251	2.3374
May	2.3639	2.3130	2.3353
June	2.3563	2.3133	2.3375
July	2.3446	2.3140	2.3229
August	2.3737	2.3326	2.3495
September	2.3619	2.3386	2.3503
October	2.3601	2.2989	2.3274
November	2.3457	2.2891	2.3116
December	2.3242	2.2907	2.3065