2021 MAD to GHS Historical Review

YEARLY HIGH

0.6793 GHS

YEARLY LOW

0.6335 GHS

YEARLY AVERAGE

0.6588 GHS

2021 MAD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MAD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 7, valuing the pair at 0.6793. Conversely, the yearly low was recorded on March 8, dropping to 0.6335.

This high-to-low spread represents a total annual volatility of 0.0458 GHS. From a start-to-finish perspective, comparing the January average rate of 0.6573 to the December average rate of 0.6637, the exchange rate registered a net change of 0.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.6793 was up 2.40% compared to the 2020 peak of 0.6634, 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 3,397 GHS

2020 Average 3,024 GHS

Yearly Trough Low 3,168 GHS

Transaction Impact: A difference of 228.79 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.6763

0.6342

JanuMarcMayJulySeptNove

MAD to GHS 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 0.6493, compared to 0.6683 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0191 points.

H1 Avg (Jan–Jun) 0.6493

H2 Avg (Jul–Dec) 0.6683

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.0162 GHS (High: 0.6663 / Low: 0.6501). On the other end, February was the most stable month, with a tight range of 0.0082 GHS (High: 0.6511 / Low: 0.6429).

January Spread (Volatile) ±0.0162

February Spread (Stable) ±0.0082

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0102 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2021: 0.6728) against the same month in 2020 (average: 0.6274), the exchange rate shifted by +0.0453 (+7.22%).

2021 Avg (September) 0.6728

2020 Avg (September) 0.6274

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6663	0.6501	0.6573
February	0.6511	0.6429	0.6479
March	0.6428	0.6335	0.6377
April	0.6510	0.6363	0.6452
May	0.6578	0.6452	0.6520
June	0.6605	0.6502	0.6555
July	0.6703	0.6548	0.6637
August	0.6761	0.6629	0.6710
September	0.6793	0.6659	0.6728
October	0.6747	0.6665	0.6704
November	0.6748	0.6625	0.6684
December	0.6704	0.6553	0.6637