2020 MAD to TOP Historical Review

YEARLY HIGH

0.2572 TOP

YEARLY LOW

0.2268 TOP

YEARLY AVERAGE

0.2426 TOP

2020 MAD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MAD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.2572. Conversely, the yearly low was recorded on April 15, dropping to 0.2268.

This high-to-low spread represents a total annual volatility of 0.0304 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2390 to the December average rate of 0.2543, the exchange rate registered a net change of 6.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.2572 was up 5.28% compared to the 2019 peak of 0.2443, 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 1,286 TOP

2019 Average 1,191 TOP

Yearly Trough Low 1,134 TOP

Transaction Impact: A difference of 152.19 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.2567

0.2281

JanuMarcMayJulySeptNove

MAD to TOP 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 0.2368, compared to 0.2485 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0118 points.

H1 Avg (Jan–Jun) 0.2368

H2 Avg (Jul–Dec) 0.2485

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0155 TOP (High: 0.2473 / Low: 0.2318). On the other end, November was the most stable month, with a tight range of 0.0018 TOP (High: 0.2527 / Low: 0.2509).

March Spread (Volatile) ±0.0155

November Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between 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 0.0121 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.2543) against the same month in 2019 (average: 0.2390), the exchange rate shifted by +0.0153 (+6.39%).

2020 Avg (December) 0.2543

2019 Avg (December) 0.2390

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2414	0.2376	0.2390
February	0.2416	0.2376	0.2394
March	0.2473	0.2318	0.2426
April	0.2346	0.2268	0.2305
May	0.2368	0.2325	0.2343
June	0.2364	0.2325	0.2346
July	0.2439	0.2356	0.2387
August	0.2494	0.2435	0.2470
September	0.2498	0.2454	0.2477
October	0.2537	0.2489	0.2513
November	0.2527	0.2509	0.2520
December	0.2572	0.2453	0.2543