2020 PEN to MAD Historical Review

YEARLY HIGH

3.0449 MAD

YEARLY LOW

2.4566 MAD

YEARLY AVERAGE

2.7216 MAD

2020 PEN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the PEN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 3.0449. Conversely, the yearly low was recorded on December 31, dropping to 2.4566.

This high-to-low spread represents a total annual volatility of 0.5883 MAD. From a start-to-finish perspective, comparing the January average rate of 2.8891 to the December average rate of 2.4946, the exchange rate registered a net change of -13.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 3.0449 was up 3.97% compared to the 2019 peak of 2.9286, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,225 MAD

2019 Average 14,412 MAD

Yearly Trough Low 12,283 MAD

Transaction Impact: A difference of 2,941.47 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

3.0284

2.4461

JanuMarcMayJulySeptNove

PEN 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 2.8614, compared to 2.5817 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2797 points.

H1 Avg (Jan–Jun) 2.8614

H2 Avg (Jul–Dec) 2.5817

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.2392 MAD (High: 2.9367 / Low: 2.6974). On the other end, October was the most stable month, with a tight range of 0.0449 MAD (High: 2.5854 / Low: 2.5405).

March Spread (Volatile) ±0.2392

October Spread (Stable) ±0.0449

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1226 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1226

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 2.9799) against the same month in 2019 (average: 2.9174), the exchange rate shifted by +0.0625 (+2.14%).

2020 Avg (April) 2.9799

2019 Avg (April) 2.9174

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9086	2.8349	2.8891
February	2.8793	2.7783	2.8538
March	2.9367	2.6974	2.7767
April	3.0449	2.9293	2.9799
May	2.9309	2.8490	2.8831
June	2.8549	2.7392	2.7861
July	2.7567	2.6387	2.7161
August	2.6456	2.5662	2.5935
September	2.6206	2.5682	2.5940
October	2.5854	2.5405	2.5606
November	2.5624	2.4941	2.5315
December	2.5907	2.4566	2.4946