YEARLY HIGH
1.7613 ZAR
YEARLY LOW
1.5170 ZAR
YEARLY AVERAGE
1.6447 ZAR

2021 MAD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MAD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 1.7613. Conversely, the yearly low was recorded on June 6, dropping to 1.5170.

This high-to-low spread represents a total annual volatility of 0.2444 ZAR. From a start-to-finish perspective, comparing the January average rate of 1.6976 to the December average rate of 1.7157, the exchange rate registered a net change of 1.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.7613 was down 8.39% compared to the 2020 peak of 1.9227, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,807 ZAR
2020 Average 8,671 ZAR
Yearly Trough Low 7,585 ZAR
Transaction Impact: A difference of 1,221.80 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.7302
1.5561
JanuMarcMayJulySeptNove

MAD to ZAR 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 1.6303, compared to 1.6591 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0288 points.

H1 Avg (Jan–Jun) 1.6303
H2 Avg (Jul–Dec) 1.6591

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.1184 ZAR (High: 1.7600 / Low: 1.6416). On the other end, April was the most stable month, with a tight range of 0.0456 ZAR (High: 1.6306 / Low: 1.5850).

January Spread (Volatile) ±0.1184
April Spread (Stable) ±0.0456

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 March and April, when the average rate fell by 0.0531 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0531

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 1.6982) against the same month in 2020 (average: 1.6995), the exchange rate shifted by -0.0013 (-0.08%).

2021 Avg (November) 1.6982
2020 Avg (November) 1.6995

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.7600 1.6416 1.6976
February 1.6907 1.6168 1.6513
March 1.7174 1.6267 1.6640
April 1.6306 1.5850 1.6109
May 1.6189 1.5508 1.5875
June 1.6118 1.5170 1.5706
July 1.6556 1.5913 1.6225
August 1.7042 1.6051 1.6493
September 1.6822 1.5789 1.6256
October 1.6888 1.5954 1.6431
November 1.7613 1.6458 1.6982
December 1.7493 1.6733 1.7157