2016 MAD to TOP Historical Review

YEARLY HIGH

0.2399 TOP

YEARLY LOW

0.2204 TOP

YEARLY AVERAGE

0.2297 TOP

2016 MAD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MAD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 0.2399. Conversely, the yearly low was recorded on November 9, dropping to 0.2204.

This high-to-low spread represents a total annual volatility of 0.0195 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2277 to the December average rate of 0.2252, the exchange rate registered a net change of -1.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2399 was up 2.47% compared to the 2015 peak of 0.2341, 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 1,200 TOP

2015 Average 1,087 TOP

Yearly Trough Low 1,102 TOP

Transaction Impact: A difference of 97.53 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2336

0.2239

JanuMarcMayJulySeptNove

MAD to TOP 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 0.2310, compared to 0.2285 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.2310

H2 Avg (Jul–Dec) 0.2285

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0107 TOP (High: 0.2311 / Low: 0.2204). On the other end, May was the most stable month, with a tight range of 0.0033 TOP (High: 0.2342 / Low: 0.2310).

November Spread (Volatile) ±0.0107

May Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0051 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.2328) against the same month in 2015 (average: 0.2105), the exchange rate shifted by +0.0224 (+10.62%).

2016 Avg (February) 0.2328

2015 Avg (February) 0.2105

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2323	0.2240	0.2277
February	0.2399	0.2300	0.2328
March	0.2334	0.2288	0.2309
April	0.2329	0.2278	0.2308
May	0.2342	0.2310	0.2328
June	0.2358	0.2267	0.2312
July	0.2341	0.2289	0.2310
August	0.2348	0.2298	0.2322
September	0.2331	0.2297	0.2314
October	0.2317	0.2229	0.2263
November	0.2311	0.2204	0.2247
December	0.2285	0.2215	0.2252