2021 MAD to NOK Historical Review

YEARLY HIGH

1.0047 NOK

YEARLY LOW

0.9185 NOK

YEARLY AVERAGE

0.9565 NOK

2021 MAD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MAD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 1.0047. Conversely, the yearly low was recorded on April 28, dropping to 0.9185.

This high-to-low spread represents a total annual volatility of 0.0862 NOK. From a start-to-finish perspective, comparing the January average rate of 0.9569 to the December average rate of 0.9695, the exchange rate registered a net change of 1.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0047 was down 16.36% compared to the 2020 peak of 1.2013, 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 5,024 NOK

2020 Average 4,958 NOK

Yearly Trough Low 4,593 NOK

Transaction Impact: A difference of 431.14 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.9924

0.9298

JanuMarcMayJulySeptNove

MAD to NOK 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 0.9470, compared to 0.9659 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0190 points.

H1 Avg (Jan–Jun) 0.9470

H2 Avg (Jul–Dec) 0.9659

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0544 NOK (High: 0.9822 / Low: 0.9278). On the other end, September was the most stable month, with a tight range of 0.0204 NOK (High: 0.9737 / Low: 0.9532).

November Spread (Volatile) ±0.0544

September Spread (Stable) ±0.0204

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0309 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0309

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2021: 0.9872) against the same month in 2020 (average: 0.9691), the exchange rate shifted by +0.0181 (+1.87%).

2021 Avg (August) 0.9872

2020 Avg (August) 0.9691

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9672	0.9419	0.9569
February	0.9684	0.9389	0.9511
March	0.9622	0.9335	0.9467
April	0.9485	0.9185	0.9375
May	0.9522	0.9279	0.9383
June	0.9740	0.9362	0.9512
July	1.0042	0.9608	0.9812
August	1.0047	0.9683	0.9872
September	0.9737	0.9532	0.9660
October	0.9522	0.9204	0.9350
November	0.9822	0.9278	0.9568
December	0.9957	0.9481	0.9695