2019 ETB to MAD Historical Review

YEARLY HIGH

0.3415 MAD

YEARLY LOW

0.2992 MAD

YEARLY AVERAGE

0.3295 MAD

2019 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.3415. Conversely, the yearly low was recorded on December 31, dropping to 0.2992.

This high-to-low spread represents a total annual volatility of 0.0422 MAD. From a start-to-finish perspective, comparing the January average rate of 0.3361 to the December average rate of 0.3057, the exchange rate registered a net change of -9.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.3415 was down 1.70% compared to the 2018 peak of 0.3474, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,707 MAD

2018 Average 1,696 MAD

Yearly Trough Low 1,496 MAD

Transaction Impact: A difference of 211.18 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.3399

0.3026

JanuMarcMayJulySeptNove

ETB 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 0.3349, compared to 0.3240 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 0.3349

H2 Avg (Jul–Dec) 0.3240

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 0.0180 MAD (High: 0.3172 / Low: 0.2992). On the other end, September was the most stable month, with a tight range of 0.0042 MAD (High: 0.3321 / Low: 0.3278).

December Spread (Volatile) ±0.0180

September Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0169 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 0.3361) against the same month in 2018 (average: 0.3371), the exchange rate shifted by -0.0009 (-0.27%).

2019 Avg (January) 0.3361

2018 Avg (January) 0.3371

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3415	0.3322	0.3361
February	0.3377	0.3329	0.3350
March	0.3397	0.3345	0.3368
April	0.3381	0.3323	0.3347
May	0.3383	0.3322	0.3349
June	0.3374	0.3292	0.3318
July	0.3355	0.3284	0.3311
August	0.3325	0.3241	0.3287
September	0.3321	0.3278	0.3294
October	0.3329	0.3231	0.3267
November	0.3282	0.3154	0.3226
December	0.3172	0.2992	0.3057