YEARLY HIGH
12.6050 MAD
YEARLY LOW
11.9242 MAD
YEARLY AVERAGE
12.3657 MAD

2021 FKP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the FKP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 12.6050. Conversely, the yearly low was recorded on January 11, dropping to 11.9242.

This high-to-low spread represents a total annual volatility of 0.6808 MAD. From a start-to-finish perspective, comparing the January average rate of 12.1501 to the December average rate of 12.3181, the exchange rate registered a net change of 1.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 12.6050 was down 1.97% compared to the 2020 peak of 12.8585, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 63,025 MAD
2020 Average 60,891 MAD
Yearly Trough Low 59,621 MAD
Transaction Impact: A difference of 3,403.75 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

12.5136
12.1170
JanuMarcMayJulySeptNove

FKP 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 12.3860, compared to 12.3455 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0405 points.

H1 Avg (JanтАУJun) 12.3860
H2 Avg (JulтАУDec) 12.3455

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.3980 MAD (High: 12.5572 / Low: 12.1592). On the other end, October was the most stable month, with a tight range of 0.2146 MAD (High: 12.4938 / Low: 12.2792).

December Spread (Volatile) ┬▒0.3980
October Spread (Stable) ┬▒0.2146

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.0907 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0907

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 12.4092) against the same month in 2020 (average: 12.5483), the exchange rate shifted by -0.1391 (-1.11%).

2021 Avg (February) 12.4092
2020 Avg (February) 12.5483

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Month High Low Average
January 12.3114 11.9242 12.1501
February 12.6050 12.2698 12.4092
March 12.5783 12.3489 12.4805
April 12.5863 12.2850 12.3898
May 12.5882 12.3470 12.4634
June 12.5346 12.2895 12.4230
July 12.4600 12.2235 12.3522
August 12.4901 12.2465 12.3732
September 12.3981 12.1120 12.3228
October 12.4938 12.2792 12.3918
November 12.4301 12.1616 12.3148
December 12.5572 12.1592 12.3181