2024 CNY to MAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CNY to MAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CNY to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 21, valuing the pair at 1.4247. Conversely, the yearly low was recorded on August 24, dropping to 1.3433.
This high-to-low spread represents a total annual volatility of 0.0815 MAD. From a start-to-finish perspective, comparing the January average rate of 1.3996 to the December average rate of 1.3756, the exchange rate registered a net change of -1.71% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.4247 was down 6.32% compared to the 2023 peak of 1.5208, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 CNY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CNY to MAD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.3953, compared to 1.3741 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0212 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 0.0510 MAD (High: 1.4221 / Low: 1.3711). On the other end, September was the most stable month, with a tight range of 0.0145 MAD (High: 1.3830 / Low: 1.3685).
Growth Streaks & Declines
TrendsBetween July and October, 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 June and July, when the average rate fell by 0.0207 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 1.3964) against the same month in 2023 (average: 1.4709), the exchange rate shifted by -0.0744 (-5.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.4115 | 1.3824 | 1.3996 |
| February | 1.4164 | 1.3941 | 1.4052 |
| March | 1.4058 | 1.3866 | 1.3971 |
| April | 1.4247 | 1.3826 | 1.3964 |
| May | 1.4221 | 1.3711 | 1.3940 |
| June | 1.4122 | 1.3672 | 1.3794 |
| July | 1.3762 | 1.3498 | 1.3587 |
| August | 1.3801 | 1.3433 | 1.3648 |
| September | 1.3830 | 1.3685 | 1.3749 |
| October | 1.3994 | 1.3816 | 1.3892 |
| November | 1.3909 | 1.3724 | 1.3815 |
| December | 1.3843 | 1.3689 | 1.3756 |