2016 SVC to MAD Historical Review

YEARLY HIGH

1.1681 MAD

YEARLY LOW

1.0921 MAD

YEARLY AVERAGE

1.1211 MAD

2016 SVC to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SVC to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 1.1681. Conversely, the yearly low was recorded on May 3, dropping to 1.0921.

This high-to-low spread represents a total annual volatility of 0.0760 MAD. From a start-to-finish perspective, comparing the January average rate of 1.1326 to the December average rate of 1.1560, the exchange rate registered a net change of 2.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.1681 was up 1.24% compared to the 2015 peak of 1.1538, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,841 MAD

2015 Average 5,574 MAD

Yearly Trough Low 5,460 MAD

Transaction Impact: A difference of 380.15 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.1611

1.0992

JanuMarcMayJulySeptNove

SVC 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 1.1148, compared to 1.1273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0125 points.

H1 Avg (Jan–Jun) 1.1148

H2 Avg (Jul–Dec) 1.1273

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0342 MAD (High: 1.1539 / Low: 1.1197). On the other end, September was the most stable month, with a tight range of 0.0090 MAD (High: 1.1157 / Low: 1.1067).

November Spread (Volatile) ±0.0342

September Spread (Stable) ±0.0090

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 0.0143 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0143

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1.1560) against the same month in 2015 (average: 1.1342), the exchange rate shifted by +0.0217 (+1.92%).

2016 Avg (December) 1.1560

2015 Avg (December) 1.1342

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1398	1.1257	1.1326
February	1.1337	1.1018	1.1184
March	1.1332	1.1004	1.1166
April	1.1098	1.0977	1.1044
May	1.1166	1.0921	1.1062
June	1.1241	1.1022	1.1106
July	1.1264	1.1121	1.1212
August	1.1209	1.1008	1.1124
September	1.1157	1.1067	1.1115
October	1.1342	1.1112	1.1236
November	1.1539	1.1197	1.1393
December	1.1681	1.1435	1.1560