2020 MAD to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MAD to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MAD to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 62.5856. Conversely, the yearly low was recorded on December 14, dropping to 58.0241.
This high-to-low spread represents a total annual volatility of 4.5616 XOF. From a start-to-finish perspective, comparing the January average rate of 61.4888 to the December average rate of 59.9972, the exchange rate registered a net change of -2.43% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 62.5856 was up 0.74% compared to the 2019 peak of 62.1256, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MAD to XOF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 60.9184, compared to 60.2533 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6650 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 3.7180 XOF (High: 62.5856 / Low: 58.8677). On the other end, November was the most stable month, with a tight range of 0.7157 XOF (High: 61.0667 / Low: 60.3510).
Growth Streaks & Declines
TrendsBetween July and November, 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 March and April, when the average rate fell by 1.6221 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 61.1978) against the same month in 2019 (average: 60.3928), the exchange rate shifted by +0.8050 (+1.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 61.7583 | 60.8145 | 61.4888 |
| February | 62.4209 | 61.5601 | 62.0993 |
| March | 62.5856 | 58.8677 | 61.1978 |
| April | 61.0638 | 58.6363 | 59.5757 |
| May | 61.5986 | 60.0432 | 60.9344 |
| June | 60.6947 | 59.8110 | 60.2142 |
| July | 60.2769 | 59.1450 | 59.9430 |
| August | 60.4718 | 59.4627 | 60.0560 |
| September | 60.7731 | 59.8672 | 60.3478 |
| October | 60.8499 | 60.0812 | 60.5457 |
| November | 61.0667 | 60.3510 | 60.6303 |
| December | 60.4401 | 58.0241 | 59.9972 |