2022 FKP to MAD Historical Review

YEARLY HIGH

13.0722 MAD

YEARLY LOW

11.7017 MAD

YEARLY AVERAGE

12.5286 MAD

2022 FKP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the FKP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 13.0722. Conversely, the yearly low was recorded on September 23, dropping to 11.7017.

This high-to-low spread represents a total annual volatility of 1.3706 MAD. From a start-to-finish perspective, comparing the January average rate of 12.5925 to the December average rate of 12.8028, the exchange rate registered a net change of 1.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 13.0722 was up 3.71% compared to the 2021 peak of 12.6050, 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 65,361 MAD

2021 Average 61,827 MAD

Yearly Trough Low 58,508 MAD

Transaction Impact: A difference of 6,852.80 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

12.8787

12.1034

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 12.5960, compared to 12.4611 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1349 points.

H1 Avg (Jan–Jun) 12.5960

H2 Avg (Jul–Dec) 12.4611

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.7982 MAD (High: 12.4998 / Low: 11.7017). On the other end, January was the most stable month, with a tight range of 0.1897 MAD (High: 12.6913 / Low: 12.5016).

September Spread (Volatile) ±0.7982

January Spread (Stable) ±0.1897

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 August and September, when the average rate fell by 0.2840 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2840

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2022: 12.8141) against the same month in 2021 (average: 12.4805), the exchange rate shifted by +0.3336 (+2.67%).

2022 Avg (March) 12.8141

2021 Avg (March) 12.4805

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.6913	12.5016	12.5925
February	12.8458	12.5821	12.7059
March	13.0722	12.6230	12.8141
April	12.8752	12.4621	12.7069
May	12.5504	12.2717	12.4518
June	12.5271	12.0661	12.3049
July	12.5765	12.0671	12.2887
August	12.6442	12.2603	12.4520
September	12.4998	11.7017	12.1680
October	12.6356	12.0466	12.3770
November	12.9451	12.3090	12.6781
December	13.0171	12.5726	12.8028