2020 CDF to MAD Historical Review

YEARLY HIGH

0.0060 MAD

YEARLY LOW

0.0045 MAD

YEARLY AVERAGE

0.0052 MAD

2020 CDF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CDF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 6, valuing the pair at 0.0060. Conversely, the yearly low was recorded on December 19, dropping to 0.0045.

This high-to-low spread represents a total annual volatility of 0.0015 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0057 to the December average rate of 0.0046, the exchange rate registered a net change of -19.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0060 was up 2.14% compared to the 2019 peak of 0.0059, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 30 MAD

2019 Average 29 MAD

Yearly Trough Low 23 MAD

Transaction Impact: A difference of 7.65 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0060

0.0045

JanuMarcMayJulySeptNove

CDF 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 0.0056, compared to 0.0047 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0056

H2 Avg (Jul–Dec) 0.0047

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 0.0015 MAD (High: 0.0060 / Low: 0.0045). On the other end, January was the most stable month, with a tight range of 0.0000 MAD (High: 0.0057 / Low: 0.0057).

December Spread (Volatile) ±0.0015

January Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0004 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0046) against the same month in 2019 (average: 0.0057), the exchange rate shifted by -0.0011 (-19.65%).

2020 Avg (December) 0.0046

2019 Avg (December) 0.0057

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0057	0.0057	0.0057
February	0.0058	0.0057	0.0057
March	0.0059	0.0055	0.0057
April	0.0060	0.0057	0.0059
May	0.0057	0.0054	0.0055
June	0.0054	0.0050	0.0052
July	0.0051	0.0047	0.0049
August	0.0047	0.0047	0.0047
September	0.0047	0.0046	0.0047
October	0.0051	0.0047	0.0047
November	0.0047	0.0046	0.0046
December	0.0060	0.0045	0.0046