YEARLY HIGH
0.0837 MAD
YEARLY LOW
0.0804 MAD
YEARLY AVERAGE
0.0820 MAD

2021 KES to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the KES to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 0.0837. Conversely, the yearly low was recorded on January 6, dropping to 0.0804.

This high-to-low spread represents a total annual volatility of 0.0033 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0810 to the December average rate of 0.0819, the exchange rate registered a net change of 1.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0837 was down 14.00% compared to the 2020 peak of 0.0973, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 419 MAD
2020 Average 446 MAD
Yearly Trough Low 402 MAD
Transaction Impact: A difference of 16.51 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0831
0.0808
JanuMarcMayJulySeptNove

KES 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 0.0820, compared to 0.0819 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0820
H2 Avg (Jul–Dec) 0.0819

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0020 MAD (High: 0.0834 / Low: 0.0815). On the other end, July was the most stable month, with a tight range of 0.0008 MAD (High: 0.0829 / Low: 0.0821).

May Spread (Volatile) ±0.0020
July Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0007 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.0829) against the same month in 2020 (average: 0.0952), the exchange rate shifted by -0.0123 (-12.89%).

2021 Avg (April) 0.0829
2020 Avg (April) 0.0952

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0814 0.0804 0.0810
February 0.0820 0.0810 0.0816
March 0.0828 0.0814 0.0821
April 0.0837 0.0818 0.0829
May 0.0834 0.0815 0.0824
June 0.0827 0.0816 0.0822
July 0.0829 0.0821 0.0827
August 0.0826 0.0814 0.0821
September 0.0820 0.0811 0.0814
October 0.0821 0.0812 0.0817
November 0.0824 0.0811 0.0818
December 0.0825 0.0815 0.0819