2016 PEN to MAD Historical Review

YEARLY HIGH

3.0335 MAD

YEARLY LOW

2.7459 MAD

YEARLY AVERAGE

2.9057 MAD

2016 PEN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the PEN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 3.0335. Conversely, the yearly low was recorded on February 14, dropping to 2.7459.

This high-to-low spread represents a total annual volatility of 0.2876 MAD. From a start-to-finish perspective, comparing the January average rate of 2.8833 to the December average rate of 2.9775, the exchange rate registered a net change of 3.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 3.0335 was down 7.15% compared to the 2015 peak of 3.2672, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,167 MAD

2015 Average 15,326 MAD

Yearly Trough Low 13,729 MAD

Transaction Impact: A difference of 1,437.94 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.9964

2.7702

JanuMarcMayJulySeptNove

PEN 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 2.8824, compared to 2.9289 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0465 points.

H1 Avg (Jan–Jun) 2.8824

H2 Avg (Jul–Dec) 2.9289

Volatility Range Comparison

Volatility

The most volatile month in 2016 was April, with a trading range of 0.1370 MAD (High: 2.9794 / Low: 2.8424). On the other end, May was the most stable month, with a tight range of 0.0463 MAD (High: 2.9273 / Low: 2.8809).

April Spread (Volatile) ±0.1370

May Spread (Stable) ±0.0463

Growth Streaks & Declines

Trends

Between September and December, 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 0.0943 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0943

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 2.9775) against the same month in 2015 (average: 2.9292), the exchange rate shifted by +0.0483 (+1.65%).

2016 Avg (December) 2.9775

2015 Avg (December) 2.9292

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9216	2.8524	2.8833
February	2.8456	2.7459	2.7891
March	2.9097	2.8097	2.8667
April	2.9794	2.8424	2.9244
May	2.9273	2.8809	2.9041
June	2.9781	2.8870	2.9269
July	2.9948	2.9103	2.9679
August	2.9533	2.8829	2.9195
September	2.9012	2.8460	2.8770
October	2.9528	2.8592	2.9017
November	2.9747	2.8925	2.9299
December	3.0335	2.9209	2.9775