2016 MAD to TND Historical Review

YEARLY HIGH

0.2303 TND

YEARLY LOW

0.2053 TND

YEARLY AVERAGE

0.2188 TND

2016 MAD to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MAD to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.2303. Conversely, the yearly low was recorded on January 4, dropping to 0.2053.

This high-to-low spread represents a total annual volatility of 0.0250 TND. From a start-to-finish perspective, comparing the January average rate of 0.2062 to the December average rate of 0.2284, the exchange rate registered a net change of 10.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2303 was up 11.97% compared to the 2015 peak of 0.2057, 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 1,152 TND

2015 Average 1,006 TND

Yearly Trough Low 1,027 TND

Transaction Impact: A difference of 125.05 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2307

0.2040

JanuMarcMayJulySeptNove

MAD to TND 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 0.2105, compared to 0.2271 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0166 points.

H1 Avg (Jan–Jun) 0.2105

H2 Avg (Jul–Dec) 0.2271

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0078 TND (High: 0.2250 / Low: 0.2173). On the other end, August was the most stable month, with a tight range of 0.0012 TND (High: 0.2271 / Low: 0.2259).

June Spread (Volatile) ±0.0078

August Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.2284) against the same month in 2015 (average: 0.2048), the exchange rate shifted by +0.0237 (+11.55%).

2016 Avg (December) 0.2284

2015 Avg (December) 0.2048

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2078	0.2053	0.2062
February	0.2076	0.2061	0.2069
March	0.2090	0.2068	0.2075
April	0.2097	0.2077	0.2085
May	0.2161	0.2087	0.2120
June	0.2250	0.2173	0.2221
July	0.2274	0.2243	0.2257
August	0.2271	0.2259	0.2263
September	0.2276	0.2263	0.2267
October	0.2284	0.2265	0.2276
November	0.2291	0.2272	0.2281
December	0.2303	0.2270	0.2284