2021 ETB to MAD Historical Review

YEARLY HIGH

0.2282 MAD

YEARLY LOW

0.0410 MAD

YEARLY AVERAGE

0.2057 MAD

2021 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.2282. Conversely, the yearly low was recorded on December 27, dropping to 0.0410.

This high-to-low spread represents a total annual volatility of 0.1871 MAD. From a start-to-finish perspective, comparing the January average rate of 0.2259 to the December average rate of 0.1855, the exchange rate registered a net change of -17.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.2282 was down 27.44% compared to the 2020 peak of 0.3145, 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 1,141 MAD

2020 Average 1,366 MAD

Yearly Trough Low 205 MAD

Transaction Impact: A difference of 935.73 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.2300

0.1815

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 0.2166, compared to 0.1947 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0219 points.

H1 Avg (Jan–Jun) 0.2166

H2 Avg (Jul–Dec) 0.1947

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.1518 MAD (High: 0.1928 / Low: 0.0410). On the other end, July was the most stable month, with a tight range of 0.0034 MAD (High: 0.2044 / Low: 0.2011).

December Spread (Volatile) ±0.1518

July Spread (Stable) ±0.0034

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0074 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0074

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.2246) against the same month in 2020 (average: 0.3015), the exchange rate shifted by -0.0769 (-25.51%).

2021 Avg (February) 0.2246

2020 Avg (February) 0.3015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2277	0.2238	0.2259
February	0.2282	0.2205	0.2246
March	0.2254	0.2175	0.2224
April	0.2203	0.2116	0.2151
May	0.2128	0.2033	0.2077
June	0.2056	0.2020	0.2038
July	0.2044	0.2011	0.2029
August	0.2023	0.1957	0.1988
September	0.1966	0.1930	0.1947
October	0.1962	0.1909	0.1936
November	0.1955	0.1912	0.1928
December	0.1928	0.0410	0.1855