2021 MAD to HKD Historical Review

YEARLY HIGH

0.8826 HKD

YEARLY LOW

0.8367 HKD

YEARLY AVERAGE

0.8647 HKD

2021 MAD to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MAD to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.8826. Conversely, the yearly low was recorded on December 18, dropping to 0.8367.

This high-to-low spread represents a total annual volatility of 0.0460 HKD. From a start-to-finish perspective, comparing the January average rate of 0.8706 to the December average rate of 0.8426, the exchange rate registered a net change of -3.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.8826 was up 1.16% compared to the 2020 peak of 0.8725, 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 4,413 HKD

2020 Average 4,089 HKD

Yearly Trough Low 4,183 HKD

Transaction Impact: A difference of 229.79 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.8805

0.8392

JanuMarcMayJulySeptNove

MAD to HKD 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 0.8700, compared to 0.8595 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0105 points.

H1 Avg (Jan–Jun) 0.8700

H2 Avg (Jul–Dec) 0.8595

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0181 HKD (High: 0.8600 / Low: 0.8419). On the other end, October was the most stable month, with a tight range of 0.0046 HKD (High: 0.8617 / Low: 0.8571).

November Spread (Volatile) ±0.0181

October Spread (Stable) ±0.0046

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0087 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 0.8771) against the same month in 2020 (average: 0.7872), the exchange rate shifted by +0.0898 (+11.41%).

2021 Avg (May) 0.8771

2020 Avg (May) 0.7872

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8811	0.8643	0.8706
February	0.8722	0.8608	0.8668
March	0.8683	0.8566	0.8622
April	0.8739	0.8583	0.8677
May	0.8826	0.8662	0.8771
June	0.8809	0.8707	0.8755
July	0.8717	0.8660	0.8690
August	0.8737	0.8636	0.8678
September	0.8714	0.8589	0.8676
October	0.8617	0.8571	0.8592
November	0.8600	0.8419	0.8505
December	0.8472	0.8367	0.8426