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10-YEAR HIGH
4.5651 MAD
10-YEAR LOW
3.7176 MAD
10-YEAR AVERAGE
4.1514 MAD

10-Year TOP to MAD Performance & Macro Timing Review

Analysis of key historical highlights and timing insights over the past decade

Over the last 10 years, the TOP to MAD exchange rate has undergone significant macro fluctuations. The market reached its absolute decade peak on November 3, 2022, when the pair was valued at 4.5651. Conversely, the absolute lowest rate of the decade was recorded on August 23, 2025, dropping to a support floor of 3.7176.

This peak-to-trough range represents a total macro spread of 0.8475 MAD. From a long-term perspective, comparing the decade's oldest annual average of 4.3887 (in 2016) to the newest annual average of 3.8463 (in 2026), the exchange rate registered a net shift of -12.36%.

Analyzing macro structural support, the trading dynamics in the recent 5-year period averaged 4.1303, showing a variance of 0.0419 points compared to the older 5-year average of 4.1722.

10-Year Payout Timing Comparison

Value generated converting a dynamic sum of 5,000 TOP over the decade:

Decade Peak High 22,825 MAD
10-Year Average 20,757 MAD
Decade Trough Low 18,588 MAD
Macro Timing Impact: A difference of 4,237.36 MAD purely based on trade execution date over the last 10 years.

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4.6093
3.6622
201620182020202220242026

TOP to MAD Macro Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Decade Halves Comparison

Macro Shift

The average exchange rate in the first 5 years of the decade was 4.1722, compared to 4.1303 in the recent 5 years. This shows that the rate was stronger in the older 5 years by a margin of 0.0419 points.

Older 5 Yrs Avg 4.1722
Recent 5 Yrs Avg 4.1303

Annual Volatility Extremes

Volatility

The most volatile year in the decade was 2022, with a trading range of 0.5266 MAD (High: 4.5651 / Low: 4.0384). Conversely, 2026 was the most stable year, with a range of 0.1663 MAD (High: 3.9196 / Low: 3.7533).

2022 Spread (Volatile) Âą0.5266
2026 Spread (Stable) Âą0.1663

Decade Growth & Declines

Macro Trends

No sustained consecutive year-over-year average growth streak of 2+ years occurred in the last decade. Conversely, the sharpest year-over-year decline occurred between 2024 and 2025, when the average rate fell by 0.3175 points.

Longest Streak 1 Yrs.
Sharpest YoY Drop -0.3175

10-Year Historical Baseline

YoY Baseline

Comparing the decade's oldest annual average (2016: 4.3887) against the newest annual average (2026: 3.8463), the exchange rate shifted by -0.5425 (-12.36%).

2016 Baseline Avg 4.3887
2026 Current Avg 3.8463

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Date Exchange Rate
2026-08-02 3.8682
2026-08-01 3.8682
2026-07-31 3.8814
2026-07-30 3.8720
2026-07-29 3.8859
2026-07-28 3.8952
2026-07-27 3.8864
2026-07-26 3.8906
2026-07-25 3.8904
2026-07-24 3.8946
2026-07-23 3.8931
2026-07-22 3.8988
2026-07-21 3.8908
2026-07-20 3.8755
2026-07-19 3.8703
2026-07-18 3.8712
2026-07-17 3.8709
2026-07-16 3.8645
2026-07-15 3.8705
2026-07-14 3.8783
2026-07-13 3.8810
2026-07-12 3.8837
2026-07-11 3.8812
2026-07-10 3.8805
2026-07-09 3.8833
2026-07-08 3.8899
2026-07-07 3.8840
2026-07-06 3.8875
2026-07-05 3.8851
2026-07-04 3.8860
2026-07-03 3.8831

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