2020 ZAR to MAD Historical Review

YEARLY HIGH

0.6863 MAD

YEARLY LOW

0.5201 MAD

YEARLY AVERAGE

0.5795 MAD

2020 ZAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ZAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.6863. Conversely, the yearly low was recorded on May 3, dropping to 0.5201.

This high-to-low spread represents a total annual volatility of 0.1662 MAD. From a start-to-finish perspective, comparing the January average rate of 0.6670 to the December average rate of 0.6042, the exchange rate registered a net change of -9.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.6863 was down 4.52% compared to the 2019 peak of 0.7188, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 34,313 MAD

2019 Average 33,303 MAD

Yearly Trough Low 26,005 MAD

Transaction Impact: A difference of 8,308.46 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.6801

0.5232

JanuMarcMayJulySeptNove

ZAR 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 0.5906, compared to 0.5684 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0222 points.

H1 Avg (Jan–Jun) 0.5906

H2 Avg (Jul–Dec) 0.5684

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0780 MAD (High: 0.6264 / Low: 0.5484). On the other end, October was the most stable month, with a tight range of 0.0148 MAD (High: 0.5682 / Low: 0.5534).

March Spread (Volatile) ±0.0780

October Spread (Stable) ±0.0148

Growth Streaks & Declines

Trends

Between August and December, 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 February and March, when the average rate fell by 0.0619 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0619

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.6670) against the same month in 2019 (average: 0.6893), the exchange rate shifted by -0.0223 (-3.23%).

2020 Avg (January) 0.6670

2019 Avg (January) 0.6893

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6863	0.6395	0.6670
February	0.6540	0.6125	0.6429
March	0.6264	0.5484	0.5810
April	0.5668	0.5230	0.5444
May	0.5671	0.5201	0.5427
June	0.5831	0.5543	0.5655
July	0.5799	0.5460	0.5697
August	0.5527	0.5239	0.5363
September	0.5720	0.5398	0.5516
October	0.5682	0.5534	0.5602
November	0.6017	0.5669	0.5885
December	0.6208	0.5900	0.6042