2021 HRK to MAD Historical Review

YEARLY HIGH

1.4447 MAD

YEARLY LOW

1.3783 MAD

YEARLY AVERAGE

1.4123 MAD

2021 HRK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HRK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.4447. Conversely, the yearly low was recorded on November 24, dropping to 1.3783.

This high-to-low spread represents a total annual volatility of 0.0664 MAD. From a start-to-finish perspective, comparing the January average rate of 1.4331 to the December average rate of 1.3911, the exchange rate registered a net change of -2.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.4447 was down 3.78% compared to the 2020 peak of 1.5014, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,223 MAD

2020 Average 7,181 MAD

Yearly Trough Low 6,891 MAD

Transaction Impact: A difference of 332.01 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.4375

1.3850

JanuMarcMayJulySeptNove

HRK 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 1.4238, compared to 1.4007 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0231 points.

H1 Avg (Jan–Jun) 1.4238

H2 Avg (Jul–Dec) 1.4007

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0303 MAD (High: 1.4383 / Low: 1.4080). On the other end, February was the most stable month, with a tight range of 0.0091 MAD (High: 1.4324 / Low: 1.4233).

June Spread (Volatile) ±0.0303

February Spread (Stable) ±0.0091

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0146 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 1.4331) against the same month in 2020 (average: 1.4331), the exchange rate shifted by -0.0000 (-0.00%).

2021 Avg (January) 1.4331

2020 Avg (January) 1.4331

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4447	1.4146	1.4331
February	1.4324	1.4233	1.4283
March	1.4244	1.4037	1.4137
April	1.4286	1.4047	1.4150
May	1.4420	1.4211	1.4295
June	1.4383	1.4080	1.4231
July	1.4166	1.4003	1.4093
August	1.4132	1.4023	1.4083
September	1.4158	1.3955	1.4084
October	1.4075	1.3911	1.3980
November	1.4021	1.3783	1.3894
December	1.4039	1.3805	1.3911

૨૦૨૫ HRK થી MAD ઐતિહાસિક સમીક્ષા