2019 MAD to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 MAD to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the MAD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 3.3418. Conversely, the yearly low was recorded on January 2, dropping to 2.9285.
This high-to-low spread represents a total annual volatility of 0.4133 ETB. From a start-to-finish perspective, comparing the January average rate of 2.9751 to the December average rate of 3.2723, the exchange rate registered a net change of 9.99% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 3.3418 was up 10.54% compared to the 2018 peak of 3.0233, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
MAD to ETB Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 2.9862, compared to 3.0887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1025 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was December, with a trading range of 0.1893 ETB (High: 3.3418 / Low: 3.1525). On the other end, September was the most stable month, with a tight range of 0.0389 ETB (High: 3.0502 / Low: 3.0113).
Growth Streaks & Declines
TrendsBetween 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 February and March, when the average rate fell by 0.0154 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2019: 3.2723) against the same month in 2018 (average: 2.9561), the exchange rate shifted by +0.3162 (+10.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.0103 | 2.9285 | 2.9751 |
| February | 3.0037 | 2.9608 | 2.9847 |
| March | 2.9893 | 2.9441 | 2.9693 |
| April | 3.0096 | 2.9578 | 2.9879 |
| May | 3.0105 | 2.9563 | 2.9862 |
| June | 3.0375 | 2.9634 | 3.0141 |
| July | 3.0453 | 2.9803 | 3.0206 |
| August | 3.0857 | 3.0075 | 3.0424 |
| September | 3.0502 | 3.0113 | 3.0361 |
| October | 3.0947 | 3.0042 | 3.0610 |
| November | 3.1706 | 3.0473 | 3.1000 |
| December | 3.3418 | 3.1525 | 3.2723 |