2024 AFN to MAD Historical Review

YEARLY HIGH

0.1519 MAD

YEARLY LOW

0.1334 MAD

YEARLY AVERAGE

0.1410 MAD

2024 AFN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 0.1519. Conversely, the yearly low was recorded on February 3, dropping to 0.1334.

This high-to-low spread represents a total annual volatility of 0.0185 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1392 to the December average rate of 0.1443, the exchange rate registered a net change of 3.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1519 was up 3.45% compared to the 2023 peak of 0.1469, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 760 MAD

2023 Average 617 MAD

Yearly Trough Low 667 MAD

Transaction Impact: A difference of 92.48 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1481

0.1365

JanuMarcMayJulySeptNove

AFN 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 0.1395, compared to 0.1425 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.1395

H2 Avg (Jul–Dec) 0.1425

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0098 MAD (High: 0.1519 / Low: 0.1421). On the other end, April was the most stable month, with a tight range of 0.0024 MAD (High: 0.1416 / Low: 0.1392).

October Spread (Volatile) ±0.0098

April Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between August and November, 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 November and December, when the average rate fell by 0.0028 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.1469) against the same month in 2023 (average: 0.1360), the exchange rate shifted by +0.0108 (+7.96%).

2024 Avg (October) 0.1469

2023 Avg (October) 0.1360

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1422	0.1346	0.1392
February	0.1395	0.1334	0.1375
March	0.1417	0.1372	0.1393
April	0.1416	0.1392	0.1406
May	0.1413	0.1379	0.1394
June	0.1428	0.1384	0.1411
July	0.1407	0.1382	0.1393
August	0.1403	0.1352	0.1378
September	0.1425	0.1371	0.1400
October	0.1519	0.1421	0.1469
November	0.1493	0.1451	0.1471
December	0.1476	0.1422	0.1443