2021 AFN to MAD Historical Review

YEARLY HIGH

0.1175 MAD

YEARLY LOW

0.0786 MAD

YEARLY AVERAGE

0.1085 MAD

2021 AFN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the AFN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 0.1175. Conversely, the yearly low was recorded on December 15, dropping to 0.0786.

This high-to-low spread represents a total annual volatility of 0.0389 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1152 to the December average rate of 0.0910, the exchange rate registered a net change of -20.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1175 was down 13.17% compared to the 2020 peak of 0.1353, 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 588 MAD

2020 Average 618 MAD

Yearly Trough Low 393 MAD

Transaction Impact: A difference of 194.52 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1188

0.0885

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 0.1148, compared to 0.1023 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0125 points.

H1 Avg (Jan–Jun) 0.1148

H2 Avg (Jul–Dec) 0.1023

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0175 MAD (High: 0.0961 / Low: 0.0786). On the other end, June was the most stable month, with a tight range of 0.0015 MAD (High: 0.1135 / Low: 0.1120).

December Spread (Volatile) ±0.0175

June Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0078 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0078

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.1163) against the same month in 2020 (average: 0.1270), the exchange rate shifted by -0.0108 (-8.48%).

2021 Avg (March) 0.1163

2020 Avg (March) 0.1270

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1161	0.1139	0.1152
February	0.1165	0.1135	0.1157
March	0.1175	0.1153	0.1163
April	0.1173	0.1137	0.1152
May	0.1154	0.1117	0.1138
June	0.1135	0.1120	0.1127
July	0.1130	0.1089	0.1118
August	0.1125	0.1039	0.1080
September	0.1056	0.1007	0.1035
October	0.1015	0.0996	0.1005
November	0.1005	0.0961	0.0988
December	0.0961	0.0786	0.0910