2021 HNL to MAD Historical Review

YEARLY HIGH

0.3842 MAD

YEARLY LOW

0.3536 MAD

YEARLY AVERAGE

0.3729 MAD

2021 HNL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HNL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 0.3842. Conversely, the yearly low was recorded on January 6, dropping to 0.3536.

This high-to-low spread represents a total annual volatility of 0.0306 MAD. From a start-to-finish perspective, comparing the January average rate of 0.3673 to the December average rate of 0.3811, the exchange rate registered a net change of 3.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.3842 was down 7.16% compared to the 2020 peak of 0.4139, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,921 MAD

2020 Average 1,919 MAD

Yearly Trough Low 1,768 MAD

Transaction Impact: A difference of 152.88 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.3825

0.3660

JanuMarcMayJulySeptNove

HNL 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: Jan–Jun) was 0.3694, compared to 0.3765 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0071 points.

H1 Avg (Jan–Jun) 0.3694

H2 Avg (Jul–Dec) 0.3765

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.0182 MAD (High: 0.3718 / Low: 0.3536). On the other end, October was the most stable month, with a tight range of 0.0036 MAD (High: 0.3770 / Low: 0.3734).

January Spread (Volatile) ±0.0182

October Spread (Stable) ±0.0036

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 August and September, when the average rate fell by 0.0050 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.3792) against the same month in 2020 (average: 0.3742), the exchange rate shifted by +0.0049 (+1.32%).

2021 Avg (November) 0.3792

2020 Avg (November) 0.3742

मासिक विश्लेषण

प्रत्येक कॅलेंडर महिन्यासाठी सांख्यिकीय सारांश.

Month	High	Low	Average
January	0.3718	0.3536	0.3673
February	0.3714	0.3657	0.3690
March	0.3760	0.3678	0.3720
April	0.3766	0.3687	0.3718
May	0.3713	0.3650	0.3675
June	0.3730	0.3659	0.3686
July	0.3782	0.3714	0.3745
August	0.3794	0.3729	0.3771
September	0.3751	0.3700	0.3721
October	0.3770	0.3734	0.3748
November	0.3842	0.3747	0.3792
December	0.3825	0.3787	0.3811

२०२५ भारतीय रुपया ते ब्रिटिश पाउंड ऐतिहासिक आढावा