2021 GEL to MAD Historical Review

YEARLY HIGH

3.0206 MAD

YEARLY LOW

2.5717 MAD

YEARLY AVERAGE

2.7985 MAD

2021 GEL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 3.0206. Conversely, the yearly low was recorded on May 8, dropping to 2.5717.

This high-to-low spread represents a total annual volatility of 0.4490 MAD. From a start-to-finish perspective, comparing the January average rate of 2.6963 to the December average rate of 2.9886, the exchange rate registered a net change of 10.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.0206 was down 13.44% compared to the 2020 peak of 3.4898, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,103 MAD

2020 Average 15,299 MAD

Yearly Trough Low 12,858 MAD

Transaction Impact: A difference of 2,244.86 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.0267

2.5691

JanuMarcMayJulySeptNove

GEL 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 2.6897, compared to 2.9072 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2174 points.

H1 Avg (Jan–Jun) 2.6897

H2 Avg (Jul–Dec) 2.9072

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.1471 MAD (High: 2.8510 / Low: 2.7040). On the other end, August was the most stable month, with a tight range of 0.0413 MAD (High: 2.9117 / Low: 2.8704).

June Spread (Volatile) ±0.1471

August Spread (Stable) ±0.0413

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0922 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0922

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 2.9886) against the same month in 2020 (average: 2.7267), the exchange rate shifted by +0.2618 (+9.60%).

2021 Avg (December) 2.9886

2020 Avg (December) 2.7267

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7215	2.6586	2.6963
February	2.7174	2.6738	2.6990
March	2.7186	2.6619	2.6994
April	2.6451	2.5735	2.6072
May	2.7143	2.5717	2.6254
June	2.8510	2.7040	2.8111
July	2.9110	2.8206	2.8645
August	2.9117	2.8704	2.8928
September	2.9148	2.8704	2.8857
October	2.9150	2.8662	2.8901
November	2.9868	2.8682	2.9212
December	3.0206	2.9511	2.9886

2021 GEL నుండి MAD చారిత్రక సమీక్ష