YEARLY HIGH
3.3250 MAD
YEARLY LOW
3.1872 MAD
YEARLY AVERAGE
3.2371 MAD

2021 TND to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TND to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 3.3250. Conversely, the yearly low was recorded on August 1, dropping to 3.1872.

This high-to-low spread represents a total annual volatility of 0.1379 MAD. From a start-to-finish perspective, comparing the January average rate of 3.3009 to the December average rate of 3.2172, the exchange rate registered a net change of -2.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.3250 was down 6.83% compared to the 2020 peak of 3.5688, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 16,625 MAD
2020 Average 16,919 MAD
Yearly Trough Low 15,936 MAD
Transaction Impact: A difference of 689.25 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.3104
3.1960
JanuMarcMayJulySeptNove

TND 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 3.2628, compared to 3.2113 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0515 points.

H1 Avg (Jan–Jun) 3.2628
H2 Avg (Jul–Dec) 3.2113

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0737 MAD (High: 3.2628 / Low: 3.1891). On the other end, September was the most stable month, with a tight range of 0.0273 MAD (High: 3.2277 / Low: 3.2005).

December Spread (Volatile) ±0.0737
September Spread (Stable) ±0.0273

Growth Streaks & Declines

Trends

Between October and December, 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 March and April, when the average rate fell by 0.0295 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0295

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 3.3009) against the same month in 2020 (average: 3.4160), the exchange rate shifted by -0.1151 (-3.37%).

2021 Avg (January) 3.3009
2020 Avg (January) 3.4160

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.3250 3.2651 3.3009
February 3.3229 3.2680 3.2970
March 3.2895 3.2471 3.2707
April 3.2690 3.2073 3.2412
May 3.2756 3.2124 3.2423
June 3.2552 3.2058 3.2247
July 3.2262 3.1950 3.2098
August 3.2353 3.1872 3.2173
September 3.2277 3.2005 3.2095
October 3.2251 3.1970 3.2055
November 3.2471 3.1923 3.2086
December 3.2628 3.1891 3.2172