2017 SAR to MAD Historical Review

YEARLY HIGH

2.7172 MAD

YEARLY LOW

2.4810 MAD

YEARLY AVERAGE

2.5882 MAD

2017 SAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the SAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.7172. Conversely, the yearly low was recorded on September 7, dropping to 2.4810.

This high-to-low spread represents a total annual volatility of 0.2362 MAD. From a start-to-finish perspective, comparing the January average rate of 2.6830 to the December average rate of 2.5125, the exchange rate registered a net change of -6.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.7172 was down 0.17% compared to the 2016 peak of 2.7217, 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 13,586 MAD

2016 Average 13,069 MAD

Yearly Trough Low 12,405 MAD

Transaction Impact: A difference of 1,180.99 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.7015

2.4791

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 2.6560, compared to 2.5204 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1356 points.

H1 Avg (Jan–Jun) 2.6560

H2 Avg (Jul–Dec) 2.5204

Volatility Range Comparison

Volatility

The most volatile month in 2017 was July, with a trading range of 0.0649 MAD (High: 2.5818 / Low: 2.5169). On the other end, October was the most stable month, with a tight range of 0.0351 MAD (High: 2.5389 / Low: 2.5038).

July Spread (Volatile) ±0.0649

October Spread (Stable) ±0.0351

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0519 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0519

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 2.6830) against the same month in 2016 (average: 2.6399), the exchange rate shifted by +0.0430 (+1.63%).

2017 Avg (January) 2.6830

2016 Avg (January) 2.6399

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7172	2.6603	2.6830
February	2.6991	2.6552	2.6830
March	2.7047	2.6508	2.6758
April	2.6920	2.6416	2.6734
May	2.6502	2.5953	2.6216
June	2.6117	2.5694	2.5992
July	2.5818	2.5169	2.5550
August	2.5321	2.4891	2.5172
September	2.5277	2.4810	2.4976
October	2.5389	2.5038	2.5193
November	2.5419	2.4906	2.5207
December	2.5280	2.4912	2.5125