2020 AOA to MAD Historical Review

YEARLY HIGH

0.0199 MAD

YEARLY LOW

0.0136 MAD

YEARLY AVERAGE

0.0166 MAD

2020 AOA to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the AOA to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0199. Conversely, the yearly low was recorded on December 19, dropping to 0.0136.

This high-to-low spread represents a total annual volatility of 0.0064 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0197 to the December average rate of 0.0137, the exchange rate registered a net change of -30.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0199 was down 36.00% compared to the 2019 peak of 0.0312, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 100 MAD

2019 Average 135 MAD

Yearly Trough Low 68 MAD

Transaction Impact: A difference of 31.91 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0203

0.0131

JanuMarcMayJulySeptNove

AOA 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 0.0184, compared to 0.0149 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.0184

H2 Avg (Jul–Dec) 0.0149

Volatility Range Comparison

Volatility

The most volatile month in 2020 was August, with a trading range of 0.0016 MAD (High: 0.0169 / Low: 0.0152). On the other end, November was the most stable month, with a tight range of 0.0004 MAD (High: 0.0141 / Low: 0.0137).

August Spread (Volatile) ±0.0016

November Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0010 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.0197) against the same month in 2019 (average: 0.0307), the exchange rate shifted by -0.0111 (-36.04%).

2020 Avg (January) 0.0197

2019 Avg (January) 0.0307

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0199	0.0194	0.0197
February	0.0198	0.0194	0.0196
March	0.0195	0.0183	0.0190
April	0.0190	0.0176	0.0182
May	0.0181	0.0167	0.0174
June	0.0169	0.0159	0.0164
July	0.0170	0.0166	0.0168
August	0.0169	0.0152	0.0158
September	0.0151	0.0146	0.0149
October	0.0147	0.0138	0.0142
November	0.0141	0.0137	0.0138
December	0.0142	0.0136	0.0137