2022 ETB to MAD Historical Review

YEARLY HIGH

0.2104 MAD

YEARLY LOW

0.1845 MAD

YEARLY AVERAGE

0.1954 MAD

2022 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 28, valuing the pair at 0.2104. Conversely, the yearly low was recorded on February 10, dropping to 0.1845.

This high-to-low spread represents a total annual volatility of 0.0259 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1873 to the December average rate of 0.1964, the exchange rate registered a net change of 4.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.2104 was down 7.77% compared to the 2021 peak of 0.2282, 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 1,052 MAD

2021 Average 1,028 MAD

Yearly Trough Low 922 MAD

Transaction Impact: A difference of 129.66 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.2096

0.1838

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 0.1901, compared to 0.2008 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0107 points.

H1 Avg (Jan–Jun) 0.1901

H2 Avg (Jul–Dec) 0.2008

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0099 MAD (High: 0.2104 / Low: 0.2005). On the other end, December was the most stable month, with a tight range of 0.0037 MAD (High: 0.1982 / Low: 0.1946).

September Spread (Volatile) ±0.0099

December Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0064 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0064

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.2040) against the same month in 2021 (average: 0.1947), the exchange rate shifted by +0.0093 (+4.79%).

2022 Avg (September) 0.2040

2021 Avg (September) 0.1947

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1895	0.1856	0.1873
February	0.1883	0.1845	0.1859
March	0.1954	0.1867	0.1903
April	0.1942	0.1889	0.1911
May	0.1968	0.1903	0.1937
June	0.1948	0.1890	0.1922
July	0.2012	0.1920	0.1957
August	0.2022	0.1953	0.1982
September	0.2104	0.2005	0.2040
October	0.2094	0.2048	0.2075
November	0.2076	0.1998	0.2028
December	0.1982	0.1946	0.1964