2022 MAD to TOP Historical Review

YEARLY HIGH

0.2476 TOP

YEARLY LOW

0.2191 TOP

YEARLY AVERAGE

0.2299 TOP

2022 MAD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MAD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 0.2476. Conversely, the yearly low was recorded on November 3, dropping to 0.2191.

This high-to-low spread represents a total annual volatility of 0.0286 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2450 to the December average rate of 0.2231, the exchange rate registered a net change of -8.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.2476 was down 4.31% compared to the 2021 peak of 0.2588, 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 1,238 TOP

2021 Average 1,260 TOP

Yearly Trough Low 1,095 TOP

Transaction Impact: A difference of 142.83 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.2473

0.2190

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 0.2359, compared to 0.2238 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0120 points.

H1 Avg (Jan–Jun) 0.2359

H2 Avg (Jul–Dec) 0.2238

Volatility Range Comparison

Volatility

The most volatile month in 2022 was March, with a trading range of 0.0112 TOP (High: 0.2388 / Low: 0.2276). On the other end, May was the most stable month, with a tight range of 0.0031 TOP (High: 0.2337 / Low: 0.2306).

March Spread (Volatile) ±0.0112

May Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between April and June, 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 February and March, when the average rate fell by 0.0089 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0089

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 0.2450) against the same month in 2021 (average: 0.2561), the exchange rate shifted by -0.0112 (-4.37%).

2022 Avg (January) 0.2450

2021 Avg (January) 0.2561

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2476	0.2409	0.2450
February	0.2439	0.2385	0.2415
March	0.2388	0.2276	0.2326
April	0.2330	0.2296	0.2311
May	0.2337	0.2306	0.2322
June	0.2348	0.2305	0.2328
July	0.2341	0.2247	0.2298
August	0.2285	0.2212	0.2246
September	0.2260	0.2192	0.2219
October	0.2242	0.2210	0.2223
November	0.2243	0.2191	0.2213
December	0.2251	0.2217	0.2231