2017 MAD to TOP Historical Review

YEARLY HIGH

0.2452 TOP

YEARLY LOW

0.2217 TOP

YEARLY AVERAGE

0.2335 TOP

2017 MAD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MAD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.2452. Conversely, the yearly low was recorded on March 2, dropping to 0.2217.

This high-to-low spread represents a total annual volatility of 0.0235 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2287 to the December average rate of 0.2428, the exchange rate registered a net change of 6.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.2452 was up 2.22% compared to the 2016 peak of 0.2399, 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 1,226 TOP

2016 Average 1,149 TOP

Yearly Trough Low 1,109 TOP

Transaction Impact: A difference of 117.67 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.2447

0.2227

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 0.2299, compared to 0.2372 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.2299

H2 Avg (Jul–Dec) 0.2372

Volatility Range Comparison

Volatility

The most volatile month in 2017 was March, with a trading range of 0.0094 TOP (High: 0.2311 / Low: 0.2217). On the other end, January was the most stable month, with a tight range of 0.0030 TOP (High: 0.2305 / Low: 0.2275).

March Spread (Volatile) ±0.0094

January Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0042 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2017: 0.2402) against the same month in 2016 (average: 0.2247), the exchange rate shifted by +0.0155 (+6.91%).

2017 Avg (November) 0.2402

2016 Avg (November) 0.2247

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2305	0.2275	0.2287
February	0.2301	0.2224	0.2246
March	0.2311	0.2217	0.2279
April	0.2333	0.2271	0.2290
May	0.2389	0.2325	0.2356
June	0.2367	0.2310	0.2334
July	0.2367	0.2315	0.2334
August	0.2397	0.2307	0.2335
September	0.2383	0.2331	0.2362
October	0.2397	0.2348	0.2369
November	0.2452	0.2365	0.2402
December	0.2444	0.2411	0.2428