YEARLY HIGH
2.9923 MAD
YEARLY LOW
2.6893 MAD
YEARLY AVERAGE
2.7830 MAD

2021 ILS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ILS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 2.9923. Conversely, the yearly low was recorded on May 11, dropping to 2.6893.

This high-to-low spread represents a total annual volatility of 0.3031 MAD. From a start-to-finish perspective, comparing the January average rate of 2.7559 to the December average rate of 2.9542, the exchange rate registered a net change of 7.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.9923 was up 4.17% compared to the 2020 peak of 2.8726, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,962 MAD
2020 Average 13,802 MAD
Yearly Trough Low 13,446 MAD
Transaction Impact: A difference of 1,515.26 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.9781
2.6916
JanuMarcMayJulySeptNove

ILS 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 2.7292, compared to 2.8369 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.1077 points.

H1 Avg (JanтАУJun) 2.7292
H2 Avg (JulтАУDec) 2.8369

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.1055 MAD (High: 2.8332 / Low: 2.7277). On the other end, June was the most stable month, with a tight range of 0.0256 MAD (High: 2.7416 / Low: 2.7160).

January Spread (Volatile) ┬▒0.1055
June Spread (Stable) ┬▒0.0256

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0240 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0240

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 2.9349) against the same month in 2020 (average: 2.7189), the exchange rate shifted by +0.2159 (+7.94%).

2021 Avg (November) 2.9349
2020 Avg (November) 2.7189

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Month High Low Average
January 2.8332 2.7277 2.7559
February 2.7559 2.6986 2.7319
March 2.7329 2.7004 2.7155
April 2.7594 2.7103 2.7301
May 2.7649 2.6893 2.7167
June 2.7416 2.7160 2.7248
July 2.7631 2.7136 2.7329
August 2.7938 2.7564 2.7818
September 2.8129 2.7839 2.7976
October 2.8617 2.8001 2.8198
November 2.9923 2.8909 2.9349
December 2.9882 2.9068 2.9542