2021 TRY to MAD Historical Review

YEARLY HIGH

1.2841 MAD

YEARLY LOW

0.5591 MAD

YEARLY AVERAGE

1.0409 MAD

2021 TRY to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TRY to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 17, valuing the pair at 1.2841. Conversely, the yearly low was recorded on December 19, dropping to 0.5591.

This high-to-low spread represents a total annual volatility of 0.7250 MAD. From a start-to-finish perspective, comparing the January average rate of 1.2035 to the December average rate of 0.6967, the exchange rate registered a net change of -42.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.2841 was down 21.52% compared to the 2020 peak of 1.6362, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 64,204 MAD

2020 Average 68,382 MAD

Yearly Trough Low 27,953 MAD

Transaction Impact: A difference of 36,250.58 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.3158

0.6404

JanuMarcMayJulySeptNove

TRY 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 1.1353, compared to 0.9465 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1888 points.

H1 Avg (Jan–Jun) 1.1353

H2 Avg (Jul–Dec) 0.9465

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.3067 MAD (High: 0.8658 / Low: 0.5591). On the other end, July was the most stable month, with a tight range of 0.0291 MAD (High: 1.0550 / Low: 1.0259).

December Spread (Volatile) ±0.3067

July Spread (Stable) ±0.0291

Growth Streaks & Declines

Trends

Between June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1599 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1599

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 1.2595) against the same month in 2020 (average: 1.5953), the exchange rate shifted by -0.3357 (-21.05%).

2021 Avg (February) 1.2595

2020 Avg (February) 1.5953

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2290	1.1792	1.2035
February	1.2841	1.2041	1.2595
March	1.2434	1.0898	1.1722
April	1.1138	1.0551	1.0945
May	1.0819	1.0311	1.0555
June	1.0540	1.0151	1.0266
July	1.0550	1.0259	1.0403
August	1.0742	1.0370	1.0579
September	1.0782	1.0107	1.0467
October	1.0231	0.9298	0.9808
November	0.9510	0.6847	0.8566
December	0.8658	0.5591	0.6967