2020 FKP to MAD Historical Review

YEARLY HIGH

12.8585 MAD

YEARLY LOW

11.2487 MAD

YEARLY AVERAGE

12.1802 MAD

2020 FKP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the FKP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 12.8585. Conversely, the yearly low was recorded on March 18, dropping to 11.2487.

This high-to-low spread represents a total annual volatility of 1.6098 MAD. From a start-to-finish perspective, comparing the January average rate of 12.5629 to the December average rate of 12.0794, the exchange rate registered a net change of -3.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 12.8585 was down 0.65% compared to the 2019 peak of 12.9428, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,292 MAD

2019 Average 61,405 MAD

Yearly Trough Low 56,243 MAD

Transaction Impact: A difference of 8,048.91 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

12.6417

11.8796

JanuMarcMayJulySeptNove

FKP 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 12.3156, compared to 12.0449 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2707 points.

H1 Avg (Jan–Jun) 12.3156

H2 Avg (Jul–Dec) 12.0449

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 1.2892 MAD (High: 12.5379 / Low: 11.2487). On the other end, October was the most stable month, with a tight range of 0.1593 MAD (High: 12.0326 / Low: 11.8732).

March Spread (Volatile) ±1.2892

October Spread (Stable) ±0.1593

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.5704 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5704

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 12.5782) against the same month in 2019 (average: 12.5503), the exchange rate shifted by +0.0280 (+0.22%).

2020 Avg (April) 12.5782

2019 Avg (April) 12.5503

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.7408	12.4441	12.5629
February	12.6816	12.3054	12.5483
March	12.5379	11.2487	11.9779
April	12.8585	12.2484	12.5782
May	12.3346	11.9346	12.1122
June	12.3213	11.9385	12.1140
July	12.2521	12.0248	12.0974
August	12.2344	12.0125	12.1306
September	12.2733	11.7509	11.9431
October	12.0326	11.8732	11.9486
November	12.1863	11.9265	12.0702
December	12.4271	11.8891	12.0794