2021 SZL to MAD Historical Review

YEARLY HIGH

0.6545 MAD

YEARLY LOW

0.5699 MAD

YEARLY AVERAGE

0.6091 MAD

2021 SZL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SZL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 0.6545. Conversely, the yearly low was recorded on January 11, dropping to 0.5699.

This high-to-low spread represents a total annual volatility of 0.0847 MAD. From a start-to-finish perspective, comparing the January average rate of 0.5901 to the December average rate of 0.5831, the exchange rate registered a net change of -1.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.6545 was down 4.53% compared to the 2020 peak of 0.6856, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,273 MAD

2020 Average 2,899 MAD

Yearly Trough Low 2,849 MAD

Transaction Impact: A difference of 423.30 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.6456

0.5774

JanuMarcMayJulySeptNove

SZL 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 0.6144, compared to 0.6039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0104 points.

H1 Avg (Jan–Jun) 0.6144

H2 Avg (Jul–Dec) 0.6039

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.0383 MAD (High: 0.6082 / Low: 0.5699). On the other end, April was the most stable month, with a tight range of 0.0145 MAD (High: 0.6269 / Low: 0.6123).

January Spread (Volatile) ±0.0383

April Spread (Stable) ±0.0145

Growth Streaks & Declines

Trends

Between March and June, 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 June and July, when the average rate fell by 0.0226 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0226

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 0.6399) against the same month in 2020 (average: 0.5653), the exchange rate shifted by +0.0746 (+13.20%).

2021 Avg (June) 0.6399

2020 Avg (June) 0.5653

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6082	0.5699	0.5901
February	0.6189	0.5964	0.6056
March	0.6113	0.5824	0.6011
April	0.6269	0.6123	0.6201
May	0.6430	0.6179	0.6294
June	0.6545	0.6222	0.6399
July	0.6306	0.6017	0.6173
August	0.6216	0.5881	0.6059
September	0.6344	0.5974	0.6169
October	0.6251	0.5948	0.6091
November	0.6048	0.5729	0.5912
December	0.5978	0.5718	0.5831