YEARLY HIGH
0.8370 MAD
YEARLY LOW
0.7815 MAD
YEARLY AVERAGE
0.8113 MAD

2021 BWP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BWP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 0.8370. Conversely, the yearly low was recorded on November 28, dropping to 0.7815.

This high-to-low spread represents a total annual volatility of 0.0555 MAD. From a start-to-finish perspective, comparing the January average rate of 0.8116 to the December average rate of 0.7893, the exchange rate registered a net change of -2.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.8370 was down 7.67% compared to the 2020 peak of 0.9064, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,185 MAD
2020 Average 4,151 MAD
Yearly Trough Low 3,908 MAD
Transaction Impact: A difference of 277.26 MAD purely based on transaction execution date.

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0.8310
0.7856
JanuMarcMayJulySeptNove

BWP 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 0.8201, compared to 0.8025 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0177 points.

H1 Avg (Jan–Jun) 0.8201
H2 Avg (Jul–Dec) 0.8025

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.0314 MAD (High: 0.8264 / Low: 0.7950). On the other end, April was the most stable month, with a tight range of 0.0102 MAD (High: 0.8260 / Low: 0.8157).

January Spread (Volatile) Âą0.0314
April Spread (Stable) Âą0.0102

Growth Streaks & Declines

Trends

Between March and June, 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 June and July, when the average rate fell by 0.0144 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0144

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 0.8272) against the same month in 2020 (average: 0.8270), the exchange rate shifted by +0.0002 (+0.02%).

2021 Avg (June) 0.8272
2020 Avg (June) 0.8270

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Month High Low Average
January 0.8264 0.7950 0.8116
February 0.8289 0.8139 0.8210
March 0.8203 0.8060 0.8150
April 0.8260 0.8157 0.8221
May 0.8338 0.8140 0.8239
June 0.8370 0.8151 0.8272
July 0.8253 0.8029 0.8128
August 0.8169 0.7933 0.8052
September 0.8198 0.7968 0.8099
October 0.8126 0.7928 0.8049
November 0.8013 0.7815 0.7927
December 0.7982 0.7828 0.7893