2024 EGP to MAD Historical Review

YEARLY HIGH

0.3271 MAD

YEARLY LOW

0.1962 MAD

YEARLY AVERAGE

0.2262 MAD

2024 EGP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 29, valuing the pair at 0.3271. Conversely, the yearly low was recorded on December 14, dropping to 0.1962.

This high-to-low spread represents a total annual volatility of 0.1310 MAD. From a start-to-finish perspective, comparing the January average rate of 0.3222 to the December average rate of 0.1981, the exchange rate registered a net change of -38.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3271 was down 22.92% compared to the 2023 peak of 0.4244, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,636 MAD

2023 Average 1,653 MAD

Yearly Trough Low 981 MAD

Transaction Impact: A difference of 654.81 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3381

0.1854

JanuMarcMayJulySeptNove

EGP 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 0.2512, compared to 0.2012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0500 points.

H1 Avg (Jan–Jun) 0.2512

H2 Avg (Jul–Dec) 0.2012

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.1244 MAD (High: 0.3265 / Low: 0.2021). On the other end, September was the most stable month, with a tight range of 0.0032 MAD (High: 0.2021 / Low: 0.1989).

March Spread (Volatile) ±0.1244

September Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between August and October, 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 February and March, when the average rate fell by 0.0966 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0966

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.3254) against the same month in 2023 (average: 0.3380), the exchange rate shifted by -0.0126 (-3.74%).

2024 Avg (February) 0.3254

2023 Avg (February) 0.3380

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3242	0.3187	0.3222
February	0.3271	0.3230	0.3254
March	0.3265	0.2021	0.2288
April	0.2138	0.2091	0.2111
May	0.2139	0.2091	0.2113
June	0.2117	0.2054	0.2086
July	0.2072	0.2031	0.2047
August	0.2041	0.1964	0.1994
September	0.2021	0.1989	0.2008
October	0.2044	0.2010	0.2027
November	0.2038	0.1997	0.2016
December	0.2012	0.1962	0.1981