2021 MAD to NGN Historical Review

YEARLY HIGH

46.9016 NGN

YEARLY LOW

42.0122 NGN

YEARLY AVERAGE

44.8638 NGN

2021 MAD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 46.9016. Conversely, the yearly low was recorded on March 27, dropping to 42.0122.

This high-to-low spread represents a total annual volatility of 4.8895 NGN. From a start-to-finish perspective, comparing the January average rate of 43.5504 to the December average rate of 44.4306, the exchange rate registered a net change of 2.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 46.9016 was up 6.53% compared to the 2020 peak of 44.0276, 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 234,508 NGN

2020 Average 200,519 NGN

Yearly Trough Low 210,061 NGN

Transaction Impact: A difference of 24,447.44 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

46.7271

42.7521

JanuMarcMayJulySeptNove

MAD to NGN 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 44.3185, compared to 45.4090 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0905 points.

H1 Avg (Jan–Jun) 44.3185

H2 Avg (Jul–Dec) 45.4090

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 4.2606 NGN (High: 46.9016 / Low: 42.6410). On the other end, July was the most stable month, with a tight range of 0.3042 NGN (High: 46.1627 / Low: 45.8586).

May Spread (Volatile) ±4.2606

July Spread (Stable) ±0.3042

Growth Streaks & Declines

Trends

Between March and June, 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 October and November, when the average rate fell by 0.5307 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5307

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 45.6583) against the same month in 2020 (average: 39.5066), the exchange rate shifted by +6.1517 (+15.57%).

2021 Avg (May) 45.6583

2020 Avg (May) 39.5066

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.8355	42.5140	43.5504
February	46.2503	42.2692	43.5935
March	45.7232	42.0122	43.0834
April	45.9779	42.0553	43.6299
May	46.9016	42.6410	45.6583
June	46.7840	45.9942	46.3958
July	46.1627	45.8586	45.9905
August	46.2565	45.6919	45.8830
September	46.1425	45.3642	45.8944
October	45.6503	45.2471	45.3932
November	45.4860	44.3243	44.8625
December	44.7627	44.1507	44.4306