2024 ETB to MAD Historical Review

YEARLY HIGH

0.1790 MAD

YEARLY LOW

0.0783 MAD

YEARLY AVERAGE

0.1373 MAD

2024 ETB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.1790. Conversely, the yearly low was recorded on December 11, dropping to 0.0783.

This high-to-low spread represents a total annual volatility of 0.1007 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1764 to the December average rate of 0.0791, the exchange rate registered a net change of -55.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1790 was down 8.73% compared to the 2023 peak of 0.1961, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 895 MAD

2023 Average 925 MAD

Yearly Trough Low 392 MAD

Transaction Impact: A difference of 503.35 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1875

0.0692

JanuMarcMayJulySeptNove

ETB 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 0.1760, compared to 0.0987 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0773 points.

H1 Avg (Jan–Jun) 0.1760

H2 Avg (Jul–Dec) 0.0987

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0423 MAD (High: 0.1739 / Low: 0.1316). On the other end, March was the most stable month, with a tight range of 0.0022 MAD (High: 0.1785 / Low: 0.1763).

July Spread (Volatile) ±0.0423

March Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0736 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0736

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.1776) against the same month in 2023 (average: 0.1918), the exchange rate shifted by -0.0142 (-7.39%).

2024 Avg (February) 0.1776

2023 Avg (February) 0.1918

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1781	0.1743	0.1764
February	0.1790	0.1764	0.1776
March	0.1785	0.1763	0.1772
April	0.1788	0.1760	0.1774
May	0.1768	0.1724	0.1743
June	0.1757	0.1718	0.1731
July	0.1739	0.1316	0.1696
August	0.1261	0.0855	0.0961
September	0.0883	0.0806	0.0843
October	0.0838	0.0807	0.0818
November	0.0823	0.0792	0.0812
December	0.0807	0.0783	0.0791