2021 NOK to MAD Historical Review

YEARLY HIGH

1.0887 MAD

YEARLY LOW

0.9953 MAD

YEARLY AVERAGE

1.0459 MAD

2021 NOK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 1.0887. Conversely, the yearly low was recorded on August 22, dropping to 0.9953.

This high-to-low spread represents a total annual volatility of 0.0934 MAD. From a start-to-finish perspective, comparing the January average rate of 1.0450 to the December average rate of 1.0317, the exchange rate registered a net change of -1.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0887 was down 0.63% compared to the 2020 peak of 1.0957, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,444 MAD

2020 Average 5,051 MAD

Yearly Trough Low 4,976 MAD

Transaction Impact: A difference of 467.18 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.0753

1.0074

JanuMarcMayJulySeptNove

NOK 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 1.0561, compared to 1.0357 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0204 points.

H1 Avg (Jan–Jun) 1.0561

H2 Avg (Jul–Dec) 1.0357

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0596 MAD (High: 1.0778 / Low: 1.0182). On the other end, September was the most stable month, with a tight range of 0.0220 MAD (High: 1.0491 / Low: 1.0271).

November Spread (Volatile) ±0.0596

September Spread (Stable) ±0.0220

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 June and July, when the average rate fell by 0.0322 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0322

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 1.0667) against the same month in 2020 (average: 0.9727), the exchange rate shifted by +0.0940 (+9.66%).

2021 Avg (April) 1.0667

2020 Avg (April) 0.9727

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0617	1.0339	1.0450
February	1.0651	1.0326	1.0514
March	1.0713	1.0392	1.0563
April	1.0887	1.0543	1.0667
May	1.0777	1.0502	1.0658
June	1.0681	1.0267	1.0514
July	1.0408	0.9958	1.0193
August	1.0328	0.9953	1.0131
September	1.0491	1.0271	1.0353
October	1.0865	1.0502	1.0696
November	1.0778	1.0182	1.0454
December	1.0547	1.0044	1.0317

2021 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு