2020 ILS to MAD Historical Review

YEARLY HIGH

2.8726 MAD

YEARLY LOW

2.5092 MAD

YEARLY AVERAGE

2.7608 MAD

2020 ILS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ILS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 6, valuing the pair at 2.8726. Conversely, the yearly low was recorded on March 17, dropping to 2.5092.

This high-to-low spread represents a total annual volatility of 0.3634 MAD. From a start-to-finish perspective, comparing the January average rate of 2.7769 to the December average rate of 2.7678, the exchange rate registered a net change of -0.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.8726 was up 2.26% compared to the 2019 peak of 2.8091, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,363 MAD

2019 Average 13,499 MAD

Yearly Trough Low 12,546 MAD

Transaction Impact: A difference of 1,817.18 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.8543

2.6792

JanuMarcMayJulySeptNove

ILS 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 2.7893, compared to 2.7322 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0571 points.

H1 Avg (Jan–Jun) 2.7893

H2 Avg (Jul–Dec) 2.7322

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.3469 MAD (High: 2.8561 / Low: 2.5092). On the other end, October was the most stable month, with a tight range of 0.0314 MAD (High: 2.7277 / Low: 2.6963).

March Spread (Volatile) ±0.3469

October Spread (Stable) ±0.0314

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 February and March, when the average rate fell by 0.1188 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1188

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 2.8397) against the same month in 2019 (average: 2.6821), the exchange rate shifted by +0.1577 (+5.88%).

2020 Avg (April) 2.8397

2019 Avg (April) 2.6821

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7946	2.7579	2.7769
February	2.8462	2.7484	2.8180
March	2.8561	2.5092	2.6992
April	2.8726	2.8078	2.8397
May	2.8190	2.7841	2.8002
June	2.8314	2.7604	2.8018
July	2.8227	2.7374	2.7831
August	2.7421	2.6943	2.7170
September	2.7410	2.6528	2.6938
October	2.7277	2.6963	2.7129
November	2.7484	2.7023	2.7189
December	2.8539	2.7413	2.7678