2020 ETB to MAD Historical Review

YEARLY HIGH

0.3145 MAD

YEARLY LOW

0.2260 MAD

YEARLY AVERAGE

0.2734 MAD

2020 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 7, valuing the pair at 0.3145. Conversely, the yearly low was recorded on December 31, dropping to 0.2260.

This high-to-low spread represents a total annual volatility of 0.0885 MAD. From a start-to-finish perspective, comparing the January average rate of 0.2997 to the December average rate of 0.2321, the exchange rate registered a net change of -22.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.3145 was down 7.91% compared to the 2019 peak of 0.3415, 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 1,572 MAD

2019 Average 1,647 MAD

Yearly Trough Low 1,130 MAD

Transaction Impact: A difference of 442.47 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.3141

0.2247

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 0.2963, compared to 0.2504 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0460 points.

H1 Avg (Jan–Jun) 0.2963

H2 Avg (Jul–Dec) 0.2504

Volatility Range Comparison

Volatility

The most volatile month in 2020 was April, with a trading range of 0.0180 MAD (High: 0.3145 / Low: 0.2964). On the other end, January was the most stable month, with a tight range of 0.0043 MAD (High: 0.3019 / Low: 0.2975).

April Spread (Volatile) ±0.0180

January Spread (Stable) ±0.0043

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 0.0148 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0148

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 0.3066) against the same month in 2019 (average: 0.3347), the exchange rate shifted by -0.0280 (-8.38%).

2020 Avg (April) 0.3066

2019 Avg (April) 0.3347

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3019	0.2975	0.2997
February	0.3047	0.2967	0.3015
March	0.3059	0.2909	0.2969
April	0.3145	0.2964	0.3066
May	0.2981	0.2860	0.2919
June	0.2857	0.2771	0.2814
July	0.2791	0.2644	0.2715
August	0.2663	0.2534	0.2583
September	0.2550	0.2488	0.2517
October	0.2517	0.2424	0.2475
November	0.2463	0.2380	0.2412
December	0.2402	0.2260	0.2321