YEARLY HIGH
0.5924 MAD
YEARLY LOW
0.5601 MAD
YEARLY AVERAGE
0.5727 MAD

2021 EGP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the EGP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.5924. Conversely, the yearly low was recorded on January 10, dropping to 0.5601.

This high-to-low spread represents a total annual volatility of 0.0323 MAD. From a start-to-finish perspective, comparing the January average rate of 0.5667 to the December average rate of 0.5889, the exchange rate registered a net change of 3.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.5924 was down 9.43% compared to the 2020 peak of 0.6541, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 EGP based on timing:

Yearly Peak High 2,962 MAD
2020 Average 3,003 MAD
Yearly Trough Low 2,801 MAD
Transaction Impact: A difference of 161.63 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.5913
0.5627
JanuMarcMayJulySeptNove

EGP to MAD 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: JanтАУJun) was 0.5688, compared to 0.5767 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0079 points.

H1 Avg (JanтАУJun) 0.5688
H2 Avg (JulтАУDec) 0.5767

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0140 MAD (High: 0.5793 / Low: 0.5653). On the other end, October was the most stable month, with a tight range of 0.0035 MAD (High: 0.5779 / Low: 0.5744).

April Spread (Volatile) ┬▒0.0140
October Spread (Stable) ┬▒0.0035

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0055 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.5889) against the same month in 2020 (average: 0.5725), the exchange rate shifted by +0.0164 (+2.86%).

2021 Avg (December) 0.5889
2020 Avg (December) 0.5725

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Month High Low Average
January 0.5710 0.5601 0.5667
February 0.5744 0.5661 0.5710
March 0.5775 0.5689 0.5735
April 0.5793 0.5653 0.5706
May 0.5727 0.5612 0.5651
June 0.5700 0.5622 0.5659
July 0.5725 0.5675 0.5699
August 0.5737 0.5662 0.5713
September 0.5766 0.5677 0.5709
October 0.5779 0.5744 0.5763
November 0.5892 0.5764 0.5827
December 0.5924 0.5855 0.5889