2022 AFN to MAD Historical Review

YEARLY HIGH

0.1292 MAD

YEARLY LOW

0.0877 MAD

YEARLY AVERAGE

0.1133 MAD

2022 AFN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the AFN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 12, valuing the pair at 0.1292. Conversely, the yearly low was recorded on January 13, dropping to 0.0877.

This high-to-low spread represents a total annual volatility of 0.0414 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0889 to the December average rate of 0.1203, the exchange rate registered a net change of 35.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.1292 was up 9.95% compared to the 2021 peak of 0.1175, 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 646 MAD

2021 Average 542 MAD

Yearly Trough Low 439 MAD

Transaction Impact: A difference of 207.23 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.1297

0.0852

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 0.1062, compared to 0.1203 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0141 points.

H1 Avg (Jan–Jun) 0.1062

H2 Avg (Jul–Dec) 0.1203

Volatility Range Comparison

Volatility

The most volatile month in 2022 was February, with a trading range of 0.0102 MAD (High: 0.1040 / Low: 0.0938). On the other end, December was the most stable month, with a tight range of 0.0030 MAD (High: 0.1222 / Low: 0.1193).

February Spread (Volatile) ±0.0102

December Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0034 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2022: 0.1260) against the same month in 2021 (average: 0.1005), the exchange rate shifted by +0.0255 (+25.35%).

2022 Avg (October) 0.1260

2021 Avg (October) 0.1005

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0923	0.0877	0.0889
February	0.1040	0.0938	0.1007
March	0.1128	0.1041	0.1097
April	0.1169	0.1097	0.1123
May	0.1165	0.1100	0.1135
June	0.1157	0.1103	0.1122
July	0.1194	0.1128	0.1154
August	0.1201	0.1131	0.1165
September	0.1261	0.1182	0.1214
October	0.1292	0.1238	0.1260
November	0.1247	0.1197	0.1226
December	0.1222	0.1193	0.1203