2020 HRK to MAD Historical Review

YEARLY HIGH

1.5014 MAD

YEARLY LOW

1.3766 MAD

YEARLY AVERAGE

1.4361 MAD

2020 HRK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HRK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1.5014. Conversely, the yearly low was recorded on March 19, dropping to 1.3766.

This high-to-low spread represents a total annual volatility of 0.1249 MAD. From a start-to-finish perspective, comparing the January average rate of 1.4331 to the December average rate of 1.4498, the exchange rate registered a net change of 1.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.5014 was up 1.63% compared to the 2019 peak of 1.4774, 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 7,507 MAD

2019 Average 7,256 MAD

Yearly Trough Low 6,883 MAD

Transaction Impact: A difference of 624.27 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.4590

1.4107

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 1.4289, compared to 1.4434 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0144 points.

H1 Avg (Jan–Jun) 1.4289

H2 Avg (Jul–Dec) 1.4434

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0856 MAD (High: 1.4621 / Low: 1.3766). On the other end, November was the most stable month, with a tight range of 0.0175 MAD (High: 1.4374 / Low: 1.4198).

March Spread (Volatile) ±0.0856

November Spread (Stable) ±0.0175

Growth Streaks & Declines

Trends

Between May and August, 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 April and May, when the average rate fell by 0.0316 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0316

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 1.4498) against the same month in 2019 (average: 1.4366), the exchange rate shifted by +0.0132 (+0.92%).

2020 Avg (December) 1.4498

2019 Avg (December) 1.4366

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4481	1.4269	1.4331
February	1.4320	1.4104	1.4171
March	1.4621	1.3766	1.4147
April	1.4697	1.4191	1.4505
May	1.4366	1.4062	1.4189
June	1.4511	1.4261	1.4393
July	1.4813	1.4406	1.4534
August	1.4756	1.4393	1.4550
September	1.4528	1.4293	1.4412
October	1.4422	1.4208	1.4304
November	1.4374	1.4198	1.4304
December	1.5014	1.4389	1.4498