2020 AFN to MAD Historical Review

YEARLY HIGH

0.1353 MAD

YEARLY LOW

0.1150 MAD

YEARLY AVERAGE

0.1236 MAD

2020 AFN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the AFN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 6, valuing the pair at 0.1353. Conversely, the yearly low was recorded on December 31, dropping to 0.1150.

This high-to-low spread represents a total annual volatility of 0.0203 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1244 to the December average rate of 0.1166, the exchange rate registered a net change of -6.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1353 was up 5.06% compared to the 2019 peak of 0.1288, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 677 MAD

2019 Average 618 MAD

Yearly Trough Low 575 MAD

Transaction Impact: A difference of 101.52 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1347

0.1149

JanuMarcMayJulySeptNove

AFN 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 0.1274, compared to 0.1198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0076 points.

H1 Avg (Jan–Jun) 0.1274

H2 Avg (Jul–Dec) 0.1198

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0078 MAD (High: 0.1318 / Low: 0.1240). On the other end, October was the most stable month, with a tight range of 0.0015 MAD (High: 0.1205 / Low: 0.1190).

March Spread (Volatile) ±0.0078

October Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0043 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 0.1330) against the same month in 2019 (average: 0.1247), the exchange rate shifted by +0.0083 (+6.66%).

2020 Avg (April) 0.1330

2019 Avg (April) 0.1247

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1261	0.1231	0.1244
February	0.1271	0.1234	0.1258
March	0.1318	0.1240	0.1270
April	0.1353	0.1294	0.1330
May	0.1299	0.1277	0.1288
June	0.1275	0.1243	0.1253
July	0.1258	0.1215	0.1239
August	0.1217	0.1178	0.1198
September	0.1208	0.1187	0.1200
October	0.1205	0.1190	0.1198
November	0.1202	0.1177	0.1186
December	0.1209	0.1150	0.1166