2016 VEF to MAD Historical Review

YEARLY HIGH

1.5778 MAD

YEARLY LOW

0.9585 MAD

YEARLY AVERAGE

1.1247 MAD

2016 VEF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the VEF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 1.5778. Conversely, the yearly low was recorded on May 2, dropping to 0.9585.

This high-to-low spread represents a total annual volatility of 0.6194 MAD. From a start-to-finish perspective, comparing the January average rate of 1.5674 to the December average rate of 1.0126, the exchange rate registered a net change of -35.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.5778 was down 1.68% compared to the 2015 peak of 1.6047, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,889 MAD

2015 Average 7,716 MAD

Yearly Trough Low 4,792 MAD

Transaction Impact: A difference of 3,096.76 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.6273

0.9084

JanuMarcMayJulySeptNove

VEF 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 1.2616, compared to 0.9879 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2737 points.

H1 Avg (Jan–Jun) 1.2616

H2 Avg (Jul–Dec) 0.9879

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.0469 MAD (High: 1.5680 / Low: 1.5211). On the other end, September was the most stable month, with a tight range of 0.0076 MAD (High: 0.9779 / Low: 0.9703).

March Spread (Volatile) ±0.0469

September Spread (Stable) ±0.0076

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 March and April, when the average rate fell by 0.5747 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5747

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 1.5674) against the same month in 2015 (average: 1.4829), the exchange rate shifted by +0.0845 (+5.70%).

2016 Avg (January) 1.5674

2015 Avg (January) 1.4829

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5778	1.5537	1.5674
February	1.5674	1.5259	1.5470
March	1.5680	1.5211	1.5430
April	0.9729	0.9630	0.9683
May	0.9795	0.9585	0.9701
June	0.9841	0.9661	0.9737
July	0.9870	0.9765	0.9822
August	0.9821	0.9645	0.9751
September	0.9779	0.9703	0.9743
October	0.9939	0.9733	0.9844
November	1.0114	0.9810	0.9988
December	1.0214	0.9999	1.0126