2017 VEF to MAD Historical Review

YEARLY HIGH

1.0216 MAD

YEARLY LOW

0.8643 MAD

YEARLY AVERAGE

0.9616 MAD

2017 VEF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the VEF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 1.0216. Conversely, the yearly low was recorded on November 2, dropping to 0.8643.

This high-to-low spread represents a total annual volatility of 0.1573 MAD. From a start-to-finish perspective, comparing the January average rate of 1.0075 to the December average rate of 0.9152, the exchange rate registered a net change of -9.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.0216 was down 35.26% compared to the 2016 peak of 1.5778, 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 5,108 MAD

2016 Average 5,620 MAD

Yearly Trough Low 4,321 MAD

Transaction Impact: A difference of 786.47 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.0168

0.9052

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 0.9941, compared to 0.9291 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0651 points.

H1 Avg (Jan–Jun) 0.9941

H2 Avg (Jul–Dec) 0.9291

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.0895 MAD (High: 0.9538 / Low: 0.8643). On the other end, February was the most stable month, with a tight range of 0.0160 MAD (High: 1.0133 / Low: 0.9973).

November Spread (Volatile) ±0.0895

February Spread (Stable) ±0.0160

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0223 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0223

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 1.0075) against the same month in 2016 (average: 1.5674), the exchange rate shifted by -0.5599 (-35.72%).

2017 Avg (January) 1.0075

2016 Avg (January) 1.5674

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0216	0.9983	1.0075
February	1.0133	0.9973	1.0074
March	1.0158	0.9951	1.0047
April	1.0112	0.9759	0.9974
May	0.9919	0.9567	0.9762
June	0.9809	0.9503	0.9715
July	0.9668	0.9305	0.9492
August	0.9438	0.9128	0.9303
September	0.9444	0.9169	0.9303
October	0.9535	0.8965	0.9348
November	0.9538	0.8643	0.9145
December	0.9490	0.8727	0.9152