2016 MOP to MAD Historical Review

YEARLY HIGH

1.2778 MAD

YEARLY LOW

1.1948 MAD

YEARLY AVERAGE

1.2260 MAD

2016 MOP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MOP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 1.2778. Conversely, the yearly low was recorded on May 3, dropping to 1.1948.

This high-to-low spread represents a total annual volatility of 0.0830 MAD. From a start-to-finish perspective, comparing the January average rate of 1.2358 to the December average rate of 1.2652, the exchange rate registered a net change of 2.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.2778 was up 1.03% compared to the 2015 peak of 1.2647, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MOP based on timing:

Yearly Peak High 6,389 MAD

2015 Average 6,106 MAD

Yearly Trough Low 5,974 MAD

Transaction Impact: A difference of 414.92 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.2708

1.2032

JanuMarcMayJulySeptNove

MOP to MAD 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 1.2183, compared to 1.2338 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0155 points.

H1 Avg (Jan–Jun) 1.2183

H2 Avg (Jul–Dec) 1.2338

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0366 MAD (High: 1.2623 / Low: 1.2257). On the other end, September was the most stable month, with a tight range of 0.0099 MAD (High: 1.2209 / Low: 1.2110).

November Spread (Volatile) ±0.0366

September Spread (Stable) ±0.0099

Growth Streaks & Declines

Trends

Between April and July, 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 January and February, when the average rate fell by 0.0161 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0161

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1.2652) against the same month in 2015 (average: 1.2416), the exchange rate shifted by +0.0235 (+1.90%).

2016 Avg (December) 1.2652

2015 Avg (December) 1.2416

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2466	1.2289	1.2358
February	1.2359	1.2010	1.2197
March	1.2375	1.2047	1.2213
April	1.2148	1.2018	1.2088
May	1.2213	1.1948	1.2095
June	1.2293	1.2048	1.2145
July	1.2326	1.2184	1.2270
August	1.2268	1.2048	1.2175
September	1.2209	1.2110	1.2165
October	1.2412	1.2163	1.2295
November	1.2623	1.2257	1.2468
December	1.2778	1.2512	1.2652