2021 BND to MAD Historical Review

YEARLY HIGH

6.8734 MAD

YEARLY LOW

6.5504 MAD

YEARLY AVERAGE

6.6912 MAD

2021 BND to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BND to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 6.8734. Conversely, the yearly low was recorded on July 21, dropping to 6.5504.

This high-to-low spread represents a total annual volatility of 0.3230 MAD. From a start-to-finish perspective, comparing the January average rate of 6.7123 to the December average rate of 6.7893, the exchange rate registered a net change of 1.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 6.8734 was down 4.88% compared to the 2020 peak of 7.2258, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 34,367 MAD

2020 Average 34,412 MAD

Yearly Trough Low 32,752 MAD

Transaction Impact: A difference of 1,614.94 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

6.8078

6.5850

JanuMarcMayJulySeptNove

BND 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 6.6959, compared to 6.6865 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0094 points.

H1 Avg (Jan–Jun) 6.6959

H2 Avg (Jul–Dec) 6.6865

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.1458 MAD (High: 6.8734 / Low: 6.7276). On the other end, September was the most stable month, with a tight range of 0.0526 MAD (High: 6.6872 / Low: 6.6346).

December Spread (Volatile) ±0.1458

September Spread (Stable) ±0.0526

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0464 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0464

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 6.7893) against the same month in 2020 (average: 6.7414), the exchange rate shifted by +0.0479 (+0.71%).

2021 Avg (December) 6.7893

2020 Avg (December) 6.7414

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.7627	6.6288	6.7123
February	6.7845	6.7065	6.7377
March	6.7756	6.6802	6.7110
April	6.7400	6.6673	6.7060
May	6.7530	6.6168	6.6596
June	6.6863	6.6089	6.6487
July	6.6510	6.5504	6.6035
August	6.6558	6.5748	6.6199
September	6.6872	6.6346	6.6561
October	6.7402	6.6602	6.7030
November	6.7796	6.7118	6.7472
December	6.8734	6.7276	6.7893