2020 GHS to MAD Historical Review

YEARLY HIGH

1.8298 MAD

YEARLY LOW

1.5074 MAD

YEARLY AVERAGE

1.6578 MAD

2020 GHS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GHS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 1.8298. Conversely, the yearly low was recorded on December 7, dropping to 1.5074.

This high-to-low spread represents a total annual volatility of 0.3224 MAD. From a start-to-finish perspective, comparing the January average rate of 1.7000 to the December average rate of 1.5307, the exchange rate registered a net change of -9.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.8298 was down 7.37% compared to the 2019 peak of 1.9753, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,149 MAD

2019 Average 8,963 MAD

Yearly Trough Low 7,537 MAD

Transaction Impact: A difference of 1,612.07 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.8259

1.5039

JanuMarcMayJulySeptNove

GHS 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 1.7279, compared to 1.5878 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1401 points.

H1 Avg (Jan–Jun) 1.7279

H2 Avg (Jul–Dec) 1.5878

Volatility Range Comparison

Volatility

The most volatile month in 2020 was April, with a trading range of 0.0879 MAD (High: 1.7921 / Low: 1.7042). On the other end, May was the most stable month, with a tight range of 0.0231 MAD (High: 1.7147 / Low: 1.6916).

April Spread (Volatile) ±0.0879

May Spread (Stable) ±0.0231

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 February and March, when the average rate fell by 0.0641 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0641

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 1.7991) against the same month in 2019 (average: 1.8144), the exchange rate shifted by -0.0153 (-0.84%).

2020 Avg (February) 1.7991

2019 Avg (February) 1.8144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7448	1.6801	1.7000
February	1.8298	1.7448	1.7991
March	1.7781	1.7076	1.7350
April	1.7921	1.7042	1.7546
May	1.7147	1.6916	1.7055
June	1.7022	1.6640	1.6730
July	1.6768	1.6167	1.6535
August	1.6210	1.5834	1.5996
September	1.6043	1.5794	1.5938
October	1.5968	1.5722	1.5839
November	1.5874	1.5498	1.5653
December	1.5856	1.5074	1.5307