2022 PEN to MAD Historical Review

YEARLY HIGH

2.8134 MAD

YEARLY LOW

2.3261 MAD

YEARLY AVERAGE

2.6493 MAD

2022 PEN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the PEN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 21, valuing the pair at 2.8134. Conversely, the yearly low was recorded on January 1, dropping to 2.3261.

This high-to-low spread represents a total annual volatility of 0.4873 MAD. From a start-to-finish perspective, comparing the January average rate of 2.3866 to the December average rate of 2.7490, the exchange rate registered a net change of 15.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 2.8134 was up 12.64% compared to the 2021 peak of 2.4977, 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 14,067 MAD

2021 Average 11,603 MAD

Yearly Trough Low 11,631 MAD

Transaction Impact: A difference of 2,436.59 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

2.8222

2.3470

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 2.5710, compared to 2.7276 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1566 points.

H1 Avg (Jan–Jun) 2.5710

H2 Avg (Jul–Dec) 2.7276

Volatility Range Comparison

Volatility

The most volatile month in 2022 was August, with a trading range of 0.1560 MAD (High: 2.7673 / Low: 2.6113). On the other end, December was the most stable month, with a tight range of 0.0408 MAD (High: 2.7721 / Low: 2.7313).

August Spread (Volatile) ±0.1560

December Spread (Stable) ±0.0408

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0409 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0409

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 2.7826) against the same month in 2021 (average: 2.2793), the exchange rate shifted by +0.5033 (+22.08%).

2022 Avg (November) 2.7826

2021 Avg (November) 2.2793

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4534	2.3261	2.3866
February	2.5404	2.4119	2.4768
March	2.6786	2.5233	2.6027
April	2.6807	2.5993	2.6277
May	2.7071	2.5960	2.6647
June	2.7262	2.6188	2.6674
July	2.6902	2.5882	2.6265
August	2.7673	2.6113	2.6883
September	2.8053	2.7299	2.7629
October	2.7862	2.7209	2.7563
November	2.8134	2.7427	2.7826
December	2.7721	2.7313	2.7490