2021 AZN to MAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 AZN to MAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the AZN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 5.4832. Conversely, the yearly low was recorded on May 25, dropping to 5.1711.
This high-to-low spread represents a total annual volatility of 0.3121 MAD. From a start-to-finish perspective, comparing the January average rate of 5.2357 to the December average rate of 5.4427, the exchange rate registered a net change of 3.95% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 5.4832 was down 9.38% compared to the 2020 peak of 6.0504, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
AZN to MAD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 5.2456, compared to 5.3260 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0803 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.1192 MAD (High: 5.4452 / Low: 5.3260). On the other end, October was the most stable month, with a tight range of 0.0293 MAD (High: 5.3376 / Low: 5.3084).
Growth Streaks & Declines
TrendsBetween May and August, 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 0.0594 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 5.4427) against the same month in 2020 (average: 5.2760), the exchange rate shifted by +0.1667 (+3.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.2735 | 5.1739 | 5.2357 |
| February | 5.2950 | 5.2271 | 5.2590 |
| March | 5.3370 | 5.2529 | 5.2953 |
| April | 5.3266 | 5.2202 | 5.2652 |
| May | 5.2721 | 5.1711 | 5.2058 |
| June | 5.2432 | 5.1797 | 5.2127 |
| July | 5.2753 | 5.2391 | 5.2567 |
| August | 5.2961 | 5.2301 | 5.2738 |
| September | 5.3299 | 5.2445 | 5.2726 |
| October | 5.3376 | 5.3084 | 5.3238 |
| November | 5.4452 | 5.3260 | 5.3862 |
| December | 5.4832 | 5.4122 | 5.4427 |