YEARLY HIGH
1.5784 MAD
YEARLY LOW
1.4721 MAD
YEARLY AVERAGE
1.5184 MAD

2021 GHS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GHS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 1.5784. Conversely, the yearly low was recorded on September 7, dropping to 1.4721.

This high-to-low spread represents a total annual volatility of 0.1063 MAD. From a start-to-finish perspective, comparing the January average rate of 1.5215 to the December average rate of 1.5067, the exchange rate registered a net change of -0.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.5784 was down 13.74% compared to the 2020 peak of 1.8298, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,892 MAD
2020 Average 8,286 MAD
Yearly Trough Low 7,360 MAD
Transaction Impact: A difference of 531.61 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.5763
1.4783
JanuMarcMayJulySeptNove

GHS 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 1.5404, compared to 1.4963 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0441 points.

H1 Avg (JanтАУJun) 1.5404
H2 Avg (JulтАУDec) 1.4963

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.0374 MAD (High: 1.5382 / Low: 1.5008). On the other end, October was the most stable month, with a tight range of 0.0183 MAD (High: 1.5004 / Low: 1.4821).

January Spread (Volatile) ┬▒0.0374
October Spread (Stable) ┬▒0.0183

Growth Streaks & Declines

Trends

Between September and December, 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 June and July, when the average rate fell by 0.0188 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0188

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 1.5681) against the same month in 2020 (average: 1.7350), the exchange rate shifted by -0.1668 (-9.61%).

2021 Avg (March) 1.5681
2020 Avg (March) 1.7350

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Month High Low Average
January 1.5382 1.5008 1.5215
February 1.5554 1.5358 1.5435
March 1.5784 1.5557 1.5681
April 1.5715 1.5361 1.5500
May 1.5500 1.5203 1.5337
June 1.5379 1.5141 1.5255
July 1.5272 1.4919 1.5067
August 1.5085 1.4790 1.4903
September 1.5018 1.4721 1.4865
October 1.5004 1.4821 1.4916
November 1.5095 1.4819 1.4961
December 1.5260 1.4916 1.5067