2021 MAD to BWP Historical Review

YEARLY HIGH

1.2796 BWP

YEARLY LOW

1.1948 BWP

YEARLY AVERAGE

1.2329 BWP

2021 MAD to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MAD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 28, valuing the pair at 1.2796. Conversely, the yearly low was recorded on June 7, dropping to 1.1948.

This high-to-low spread represents a total annual volatility of 0.0848 BWP. From a start-to-finish perspective, comparing the January average rate of 1.2322 to the December average rate of 1.2669, the exchange rate registered a net change of 2.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.2796 was up 0.35% compared to the 2020 peak of 1.2752, 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 6,398 BWP

2020 Average 6,030 BWP

Yearly Trough Low 5,974 BWP

Transaction Impact: A difference of 423.88 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.2727

1.2032

JanuMarcMayJulySeptNove

MAD to BWP 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 1.2194, compared to 1.2463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0270 points.

H1 Avg (Jan–Jun) 1.2194

H2 Avg (Jul–Dec) 1.2463

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.0478 BWP (High: 1.2579 / Low: 1.2101). On the other end, April was the most stable month, with a tight range of 0.0152 BWP (High: 1.2259 / Low: 1.2107).

January Spread (Volatile) ±0.0478

April Spread (Stable) ±0.0152

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 January and February, when the average rate fell by 0.0142 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0142

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 1.2615) against the same month in 2020 (average: 1.2216), the exchange rate shifted by +0.0399 (+3.27%).

2021 Avg (November) 1.2615

2020 Avg (November) 1.2216

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2579	1.2101	1.2322
February	1.2287	1.2064	1.2180
March	1.2407	1.2191	1.2271
April	1.2259	1.2107	1.2164
May	1.2285	1.1993	1.2137
June	1.2268	1.1948	1.2090
July	1.2454	1.2116	1.2304
August	1.2606	1.2241	1.2420
September	1.2551	1.2197	1.2348
October	1.2614	1.2307	1.2424
November	1.2796	1.2480	1.2615
December	1.2774	1.2528	1.2669