YEARLY HIGH
0.0986 MAD
YEARLY LOW
0.0928 MAD
YEARLY AVERAGE
0.0961 MAD

2021 CVE to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CVE to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0986. Conversely, the yearly low was recorded on June 28, dropping to 0.0928.

This high-to-low spread represents a total annual volatility of 0.0058 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0979 to the December average rate of 0.0944, the exchange rate registered a net change of -3.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0986 was down 3.38% compared to the 2020 peak of 0.1020, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 493 MAD
2020 Average 488 MAD
Yearly Trough Low 464 MAD
Transaction Impact: A difference of 28.88 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0982
0.0941
JanuMarcMayJulySeptNove

CVE 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 0.0971, compared to 0.0951 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0971
H2 Avg (Jul–Dec) 0.0951

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0047 MAD (High: 0.0975 / Low: 0.0928). On the other end, October was the most stable month, with a tight range of 0.0007 MAD (High: 0.0954 / Low: 0.0947).

June Spread (Volatile) ±0.0047
October Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0009 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.0979) against the same month in 2020 (average: 0.0964), the exchange rate shifted by +0.0015 (+1.54%).

2021 Avg (January) 0.0979
2020 Avg (January) 0.0964

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0986 0.0967 0.0979
February 0.0980 0.0972 0.0977
March 0.0975 0.0961 0.0967
April 0.0979 0.0959 0.0967
May 0.0981 0.0958 0.0971
June 0.0975 0.0928 0.0964
July 0.0958 0.0950 0.0954
August 0.0962 0.0950 0.0956
September 0.0959 0.0950 0.0955
October 0.0954 0.0947 0.0949
November 0.0956 0.0936 0.0945
December 0.0952 0.0939 0.0944