2020 MAD to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MAD to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MAD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 4.4253. Conversely, the yearly low was recorded on April 7, dropping to 3.1800.
This high-to-low spread represents a total annual volatility of 1.2453 ETB. From a start-to-finish perspective, comparing the January average rate of 3.3368 to the December average rate of 4.3095, the exchange rate registered a net change of 29.15% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 4.4253 was up 32.42% compared to the 2019 peak of 3.3418, 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 2020.
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 3.3775, compared to 4.0045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6270 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was December, with a trading range of 0.2621 ETB (High: 4.4253 / Low: 4.1632). On the other end, January was the most stable month, with a tight range of 0.0483 ETB (High: 3.3611 / Low: 3.3128).
Growth Streaks & Declines
TrendsBetween April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1062 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 4.3095) against the same month in 2019 (average: 3.2723), the exchange rate shifted by +1.0373 (+31.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.3611 | 3.3128 | 3.3368 |
| February | 3.3707 | 3.2817 | 3.3173 |
| March | 3.4378 | 3.2686 | 3.3684 |
| April | 3.3734 | 3.1800 | 3.2622 |
| May | 3.4960 | 3.3545 | 3.4263 |
| June | 3.6087 | 3.5007 | 3.5540 |
| July | 3.7822 | 3.5823 | 3.6844 |
| August | 3.9461 | 3.7546 | 3.8722 |
| September | 4.0196 | 3.9211 | 3.9726 |
| October | 4.1259 | 3.9737 | 4.0415 |
| November | 4.2021 | 4.0601 | 4.1466 |
| December | 4.4253 | 4.1632 | 4.3095 |