YEARLY HIGH
9.3258 MAD
YEARLY LOW
8.7950 MAD
YEARLY AVERAGE
8.9901 MAD

2021 TMT to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TMT to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 9.3258. Conversely, the yearly low was recorded on May 25, dropping to 8.7950.

This high-to-low spread represents a total annual volatility of 0.5308 MAD. From a start-to-finish perspective, comparing the January average rate of 8.9058 to the December average rate of 9.2556, the exchange rate registered a net change of 3.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 9.3258 was down 9.47% compared to the 2020 peak of 10.3009, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 46,629 MAD
2020 Average 47,475 MAD
Yearly Trough Low 43,975 MAD
Transaction Impact: A difference of 2,654.01 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

9.2958
8.8138
JanuMarcMayJulySeptNove

TMT 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 8.9219, compared to 9.0582 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1363 points.

H1 Avg (Jan–Jun) 8.9219
H2 Avg (Jul–Dec) 9.0582

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.2027 MAD (High: 9.2612 / Low: 9.0585). On the other end, October was the most stable month, with a tight range of 0.0498 MAD (High: 9.0783 / Low: 9.0285).

November Spread (Volatile) ±0.2027
October Spread (Stable) ±0.0498

Growth Streaks & Declines

Trends

Between May and August, 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 April and May, when the average rate fell by 0.1011 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 9.2556) against the same month in 2020 (average: 8.9824), the exchange rate shifted by +0.2732 (+3.04%).

2021 Avg (December) 9.2556
2020 Avg (December) 8.9824

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.9693 8.7998 8.9058
February 9.0058 8.8902 8.9445
March 9.0772 8.9342 9.0064
April 9.0595 8.8786 8.9551
May 8.9668 8.7950 8.8540
June 8.9176 8.8097 8.8658
July 8.9723 8.9108 8.9406
August 9.0077 8.8954 8.9697
September 9.0651 8.9198 8.9677
October 9.0783 9.0285 9.0548
November 9.2612 9.0585 9.1609
December 9.3258 9.2051 9.2556