2016 SAR to MAD Historical Review

YEARLY HIGH

2.7217 MAD

YEARLY LOW

2.5482 MAD

YEARLY AVERAGE

2.6136 MAD

2016 SAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 2.7217. Conversely, the yearly low was recorded on May 2, dropping to 2.5482.

This high-to-low spread represents a total annual volatility of 0.1735 MAD. From a start-to-finish perspective, comparing the January average rate of 2.6399 to the December average rate of 2.6959, the exchange rate registered a net change of 2.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.7217 was up 0.77% compared to the 2015 peak of 2.7009, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,608 MAD

2015 Average 12,996 MAD

Yearly Trough Low 12,741 MAD

Transaction Impact: A difference of 867.61 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.7080

2.5629

JanuMarcMayJulySeptNove

SAR 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 2.5986, compared to 2.6285 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0300 points.

H1 Avg (Jan–Jun) 2.5986

H2 Avg (Jul–Dec) 2.6285

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0813 MAD (High: 2.6908 / Low: 2.6095). On the other end, September was the most stable month, with a tight range of 0.0201 MAD (High: 2.6015 / Low: 2.5814).

November Spread (Volatile) ±0.0813

September Spread (Stable) ±0.0201

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 0.0330 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0330

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 2.6959) against the same month in 2015 (average: 2.6370), the exchange rate shifted by +0.0590 (+2.24%).

2016 Avg (December) 2.6959

2015 Avg (December) 2.6370

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6571	2.6153	2.6399
February	2.6410	2.5699	2.6069
March	2.6426	2.5666	2.6019
April	2.5872	2.5604	2.5750
May	2.6044	2.5482	2.5789
June	2.6166	2.5682	2.5889
July	2.6266	2.6026	2.6144
August	2.6126	2.5655	2.5941
September	2.6015	2.5814	2.5917
October	2.6441	2.5879	2.6186
November	2.6908	2.6095	2.6566
December	2.7217	2.6524	2.6959