YEARLY HIGH
1.1952 MAD
YEARLY LOW
1.1330 MAD
YEARLY AVERAGE
1.1566 MAD

2021 HKD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HKD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 1.1952. Conversely, the yearly low was recorded on May 25, dropping to 1.1330.

This high-to-low spread represents a total annual volatility of 0.0622 MAD. From a start-to-finish perspective, comparing the January average rate of 1.1487 to the December average rate of 1.1868, the exchange rate registered a net change of 3.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.1952 was down 10.06% compared to the 2020 peak of 1.3288, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 29,881 MAD
2020 Average 30,604 MAD
Yearly Trough Low 28,325 MAD
Transaction Impact: A difference of 1,555.88 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.1914
1.1355
JanuMarcMayJulySeptNove

HKD 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 1.1495, compared to 1.1637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0142 points.

H1 Avg (Jan–Jun) 1.1495
H2 Avg (Jul–Dec) 1.1637

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0251 MAD (High: 1.1879 / Low: 1.1628). On the other end, October was the most stable month, with a tight range of 0.0062 MAD (High: 1.1667 / Low: 1.1605).

November Spread (Volatile) ±0.0251
October Spread (Stable) ±0.0062

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0124 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0124

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.1868) against the same month in 2020 (average: 1.1587), the exchange rate shifted by +0.0281 (+2.42%).

2021 Avg (December) 1.1868
2020 Avg (December) 1.1587

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.1570 1.1350 1.1487
February 1.1616 1.1465 1.1536
March 1.1674 1.1517 1.1599
April 1.1651 1.1443 1.1525
May 1.1544 1.1330 1.1402
June 1.1485 1.1352 1.1423
July 1.1548 1.1472 1.1507
August 1.1580 1.1445 1.1524
September 1.1642 1.1476 1.1526
October 1.1667 1.1605 1.1639
November 1.1879 1.1628 1.1759
December 1.1952 1.1803 1.1868