2017 TOP to MAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 TOP to MAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the TOP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 2, valuing the pair at 4.5104. Conversely, the yearly low was recorded on November 24, dropping to 4.0776.
This high-to-low spread represents a total annual volatility of 0.4328 MAD. From a start-to-finish perspective, comparing the January average rate of 4.3720 to the December average rate of 4.1182, the exchange rate registered a net change of -5.80% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 4.5104 was down 0.59% compared to the 2016 peak of 4.5371, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
TOP to MAD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.3518, compared to 4.2175 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1343 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was March, with a trading range of 0.1842 MAD (High: 4.5104 / Low: 4.3263). On the other end, December was the most stable month, with a tight range of 0.0562 MAD (High: 4.1474 / Low: 4.0912).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1216 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2017: 4.3891) against the same month in 2016 (average: 4.3309), the exchange rate shifted by +0.0582 (+1.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.3949 | 4.3379 | 4.3720 |
| February | 4.4968 | 4.3457 | 4.4535 |
| March | 4.5104 | 4.3263 | 4.3891 |
| April | 4.4026 | 4.2860 | 4.3666 |
| May | 4.3007 | 4.1856 | 4.2449 |
| June | 4.3291 | 4.2253 | 4.2849 |
| July | 4.3198 | 4.2247 | 4.2844 |
| August | 4.3355 | 4.1724 | 4.2838 |
| September | 4.2899 | 4.1970 | 4.2335 |
| October | 4.2584 | 4.1721 | 4.2217 |
| November | 4.2277 | 4.0776 | 4.1636 |
| December | 4.1474 | 4.0912 | 4.1182 |