2021 MAD to TRY Historical Review

YEARLY HIGH

1.7887 TRY

YEARLY LOW

0.7788 TRY

YEARLY AVERAGE

0.9860 TRY

2021 MAD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MAD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 1.7887. Conversely, the yearly low was recorded on February 17, dropping to 0.7788.

This high-to-low spread represents a total annual volatility of 1.0099 TRY. From a start-to-finish perspective, comparing the January average rate of 0.8310 to the December average rate of 1.4541, the exchange rate registered a net change of 74.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.7887 was up 91.35% compared to the 2020 peak of 0.9348, 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 8,943 TRY

2020 Average 3,711 TRY

Yearly Trough Low 3,894 TRY

Transaction Impact: A difference of 5,049.63 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.5201

0.7283

JanuMarcMayJulySeptNove

MAD to TRY 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 0.8859, compared to 1.0860 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2001 points.

H1 Avg (Jan–Jun) 0.8859

H2 Avg (Jul–Dec) 1.0860

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.6337 TRY (High: 1.7887 / Low: 1.1550). On the other end, July was the most stable month, with a tight range of 0.0269 TRY (High: 0.9747 / Low: 0.9478).

December Spread (Volatile) ±0.6337

July Spread (Stable) ±0.0269

Growth Streaks & Declines

Trends

Between February and June, 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 January and February, when the average rate fell by 0.0367 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0367

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.4541) against the same month in 2020 (average: 0.8575), the exchange rate shifted by +0.5966 (+69.57%).

2021 Avg (December) 1.4541

2020 Avg (December) 0.8575

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8480	0.8136	0.8310
February	0.8305	0.7788	0.7943
March	0.9176	0.8042	0.8544
April	0.9478	0.8978	0.9138
May	0.9699	0.9243	0.9476
June	0.9851	0.9487	0.9743
July	0.9747	0.9478	0.9614
August	0.9643	0.9309	0.9454
September	0.9894	0.9274	0.9558
October	1.0755	0.9774	1.0206
November	1.4606	1.0515	1.1790
December	1.7887	1.1550	1.4541