2021 NGN to MAD Historical Review

YEARLY HIGH

0.0238 MAD

YEARLY LOW

0.0213 MAD

YEARLY AVERAGE

0.0223 MAD

2021 NGN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 0.0238. Conversely, the yearly low was recorded on May 25, dropping to 0.0213.

This high-to-low spread represents a total annual volatility of 0.0025 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0230 to the December average rate of 0.0225, the exchange rate registered a net change of -2.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0238 was down 15.15% compared to the 2020 peak of 0.0281, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 23,803 MAD

2020 Average 24,987 MAD

Yearly Trough Low 21,321 MAD

Transaction Impact: A difference of 2,481.42 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0234

0.0214

JanuMarcMayJulySeptNove

NGN 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 0.0226, compared to 0.0220 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0226

H2 Avg (Jul–Dec) 0.0220

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0021 MAD (High: 0.0235 / Low: 0.0213). On the other end, July was the most stable month, with a tight range of 0.0001 MAD (High: 0.0218 / Low: 0.0217).

May Spread (Volatile) ±0.0021

July Spread (Stable) ±0.0001

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 April and May, when the average rate fell by 0.0010 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0232) against the same month in 2020 (average: 0.0261), the exchange rate shifted by -0.0029 (-11.10%).

2021 Avg (March) 0.0232

2020 Avg (March) 0.0261

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0235	0.0223	0.0230
February	0.0237	0.0216	0.0230
March	0.0238	0.0219	0.0232
April	0.0238	0.0217	0.0229
May	0.0235	0.0213	0.0219
June	0.0217	0.0214	0.0216
July	0.0218	0.0217	0.0217
August	0.0219	0.0216	0.0218
September	0.0220	0.0217	0.0218
October	0.0221	0.0219	0.0220
November	0.0226	0.0220	0.0223
December	0.0226	0.0223	0.0225