2017 MAD to HNL Historical Review

YEARLY HIGH

2.5271 HNL

YEARLY LOW

2.2644 HNL

YEARLY AVERAGE

2.4199 HNL

2017 MAD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MAD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2.5271. Conversely, the yearly low was recorded on January 11, dropping to 2.2644.

This high-to-low spread represents a total annual volatility of 0.2628 HNL. From a start-to-finish perspective, comparing the January average rate of 2.3206 to the December average rate of 2.5087, the exchange rate registered a net change of 8.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.5271 was up 6.46% compared to the 2016 peak of 2.3737, 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 12,636 HNL

2016 Average 11,612 HNL

Yearly Trough Low 11,322 HNL

Transaction Impact: A difference of 1,313.96 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.5275

2.3018

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 2.3547, compared to 2.4851 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1304 points.

H1 Avg (Jan–Jun) 2.3547

H2 Avg (Jul–Dec) 2.4851

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.0986 HNL (High: 2.3629 / Low: 2.2644). On the other end, December was the most stable month, with a tight range of 0.0375 HNL (High: 2.5271 / Low: 2.4896).

January Spread (Volatile) ±0.0986

December Spread (Stable) ±0.0375

Growth Streaks & Declines

Trends

Between April and September, 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 September and October, when the average rate fell by 0.0149 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0149

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 2.5087) against the same month in 2016 (average: 2.3065), the exchange rate shifted by +0.2022 (+8.76%).

2017 Avg (December) 2.5087

2016 Avg (December) 2.3065

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3629	2.2644	2.3206
February	2.3650	2.3226	2.3401
March	2.3645	2.3187	2.3411
April	2.3699	2.3180	2.3377
May	2.4105	2.3613	2.3856
June	2.4262	2.3815	2.4032
July	2.4726	2.4153	2.4424
August	2.5088	2.4544	2.4728
September	2.5190	2.4744	2.5020
October	2.5066	2.4669	2.4871
November	2.5248	2.4723	2.4977
December	2.5271	2.4896	2.5087