2021 PEN to MAD Historical Review

YEARLY HIGH

2.4977 MAD

YEARLY LOW

2.1731 MAD

YEARLY AVERAGE

2.3213 MAD

2021 PEN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PEN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 9, valuing the pair at 2.4977. Conversely, the yearly low was recorded on September 7, dropping to 2.1731.

This high-to-low spread represents a total annual volatility of 0.3247 MAD. From a start-to-finish perspective, comparing the January average rate of 2.4552 to the December average rate of 2.2890, the exchange rate registered a net change of -6.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.4977 was down 17.97% compared to the 2020 peak of 3.0449, 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 12,489 MAD

2020 Average 13,604 MAD

Yearly Trough Low 10,865 MAD

Transaction Impact: A difference of 1,623.26 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.4824

2.1558

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 2.3967, compared to 2.2460 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1508 points.

H1 Avg (Jan–Jun) 2.3967

H2 Avg (Jul–Dec) 2.2460

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.1675 MAD (High: 2.4977 / Low: 2.3302). On the other end, September was the most stable month, with a tight range of 0.0196 MAD (High: 2.1926 / Low: 2.1731).

April Spread (Volatile) ±0.1675

September Spread (Stable) ±0.0196

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 May and June, when the average rate fell by 0.0834 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0834

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 2.4274) against the same month in 2020 (average: 2.9799), the exchange rate shifted by -0.5525 (-18.54%).

2021 Avg (April) 2.4274

2020 Avg (April) 2.9799

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4809	2.4263	2.4552
February	2.4730	2.4361	2.4535
March	2.4472	2.4100	2.4295
April	2.4977	2.3302	2.4274
May	2.4221	2.2959	2.3491
June	2.3151	2.2322	2.2658
July	2.3066	2.2425	2.2710
August	2.2667	2.1831	2.1996
September	2.1926	2.1731	2.1830
October	2.3083	2.1876	2.2540
November	2.3049	2.2554	2.2793
December	2.3348	2.2550	2.2890