2016 MAD to VEF Historical Review

YEARLY HIGH

1.0433 VEF

YEARLY LOW

0.6338 VEF

YEARLY AVERAGE

0.9249 VEF

2016 MAD to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MAD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 1.0433. Conversely, the yearly low was recorded on January 5, dropping to 0.6338.

This high-to-low spread represents a total annual volatility of 0.4095 VEF. From a start-to-finish perspective, comparing the January average rate of 0.6380 to the December average rate of 0.9876, the exchange rate registered a net change of 54.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.0433 was up 50.14% compared to the 2015 peak of 0.6949, 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 5,217 VEF

2015 Average 3,241 VEF

Yearly Trough Low 3,169 VEF

Transaction Impact: A difference of 2,047.70 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.0722

0.5985

JanuMarcMayJulySeptNove

MAD to VEF 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 0.8372, compared to 1.0125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1753 points.

H1 Avg (Jan–Jun) 0.8372

H2 Avg (Jul–Dec) 1.0125

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0307 VEF (High: 1.0194 / Low: 0.9887). On the other end, September was the most stable month, with a tight range of 0.0080 VEF (High: 1.0306 / Low: 1.0226).

November Spread (Volatile) ±0.0307

September Spread (Stable) ±0.0080

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 October and November, when the average rate fell by 0.0145 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0145

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 1.0309) against the same month in 2015 (average: 0.6495), the exchange rate shifted by +0.3814 (+58.72%).

2016 Avg (May) 1.0309

2015 Avg (May) 0.6495

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6436	0.6338	0.6380
February	0.6554	0.6380	0.6465
March	0.6574	0.6378	0.6481
April	1.0384	1.0279	1.0328
May	1.0433	1.0209	1.0309
June	1.0351	1.0161	1.0270
July	1.0241	1.0131	1.0182
August	1.0368	1.0182	1.0255
September	1.0306	1.0226	1.0264
October	1.0274	1.0061	1.0159
November	1.0194	0.9887	1.0014
December	1.0001	0.9790	0.9876