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2021 BMD to MAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the BMD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 9.3258. Conversely, the yearly low was recorded on May 25, dropping to 8.7950.
This high-to-low spread represents a total annual volatility of 0.5308 MAD. From a start-to-finish perspective, comparing the January average rate of 8.9058 to the December average rate of 9.2556, the exchange rate registered a net change of 3.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 9.3258 was down 9.47% compared to the 2020 peak of 10.3009, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BMD based on timing:
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BMD 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: JanâJun) was 8.9219, compared to 9.0582 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.1363 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.2027 MAD (High: 9.2612 / Low: 9.0585). On the other end, October was the most stable month, with a tight range of 0.0498 MAD (High: 9.0783 / Low: 9.0285).
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 0.1011 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 9.2556) against the same month in 2020 (average: 8.9824), the exchange rate shifted by +0.2732 (+3.04%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 8.9693 | 8.7998 | 8.9058 |
| February | 9.0058 | 8.8902 | 8.9445 |
| March | 9.0772 | 8.9342 | 9.0064 |
| April | 9.0595 | 8.8786 | 8.9551 |
| May | 8.9668 | 8.7950 | 8.8540 |
| June | 8.9176 | 8.8097 | 8.8658 |
| July | 8.9723 | 8.9108 | 8.9406 |
| August | 9.0077 | 8.8954 | 8.9697 |
| September | 9.0651 | 8.9198 | 8.9677 |
| October | 9.0783 | 9.0285 | 9.0548 |
| November | 9.2612 | 9.0585 | 9.1609 |
| December | 9.3258 | 9.2051 | 9.2556 |