2016 TND to MAD Historical Review

YEARLY HIGH

4.8707 MAD

YEARLY LOW

4.3418 MAD

YEARLY AVERAGE

4.5780 MAD

2016 TND to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TND to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 4.8707. Conversely, the yearly low was recorded on December 27, dropping to 4.3418.

This high-to-low spread represents a total annual volatility of 0.5289 MAD. From a start-to-finish perspective, comparing the January average rate of 4.8491 to the December average rate of 4.3777, the exchange rate registered a net change of -9.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 4.8707 was down 5.20% compared to the 2015 peak of 5.1377, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 24,354 MAD

2015 Average 24,855 MAD

Yearly Trough Low 21,709 MAD

Transaction Impact: A difference of 2,644.45 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

4.8962

4.3306

JanuMarcMayJulySeptNove

TND 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 4.7530, compared to 4.4030 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3501 points.

H1 Avg (Jan–Jun) 4.7530

H2 Avg (Jul–Dec) 4.4030

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 0.1643 MAD (High: 4.7926 / Low: 4.6284). On the other end, August was the most stable month, with a tight range of 0.0240 MAD (High: 4.4266 / Low: 4.4026).

May Spread (Volatile) ±0.1643

August Spread (Stable) ±0.0240

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.2138 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.2138

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 4.8491) against the same month in 2015 (average: 4.9053), the exchange rate shifted by -0.0562 (-1.15%).

2016 Avg (January) 4.8491

2015 Avg (January) 4.9053

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.8707	4.8114	4.8491
February	4.8509	4.8168	4.8337
March	4.8357	4.7848	4.8185
April	4.8140	4.7690	4.7973
May	4.7926	4.6284	4.7167
June	4.6024	4.4435	4.5029
July	4.4579	4.3985	4.4317
August	4.4266	4.4026	4.4181
September	4.4190	4.3931	4.4116
October	4.4153	4.3784	4.3942
November	4.4021	4.3652	4.3844
December	4.4044	4.3418	4.3777