2024 FKP to MAD Historical Review

YEARLY HIGH

13.0042 MAD

YEARLY LOW

12.4446 MAD

YEARLY AVERAGE

12.6993 MAD

2024 FKP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 13.0042. Conversely, the yearly low was recorded on August 7, dropping to 12.4446.

This high-to-low spread represents a total annual volatility of 0.5596 MAD. From a start-to-finish perspective, comparing the January average rate of 12.6467 to the December average rate of 12.6549, the exchange rate registered a net change of 0.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 13.0042 was up 0.62% compared to the 2023 peak of 12.9239, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 65,021 MAD

2023 Average 62,937 MAD

Yearly Trough Low 62,223 MAD

Transaction Impact: A difference of 2,797.88 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

12.8824

12.5995

JanuMarcMayJulySeptNove

FKP 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 12.6709, compared to 12.7277 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0569 points.

H1 Avg (Jan–Jun) 12.6709

H2 Avg (Jul–Dec) 12.7277

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.3784 MAD (High: 12.8231 / Low: 12.4446). On the other end, May was the most stable month, with a tight range of 0.1723 MAD (High: 12.7010 / Low: 12.5287).

August Spread (Volatile) ±0.3784

May Spread (Stable) ±0.1723

Growth Streaks & Declines

Trends

Between January and March, 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 October and November, when the average rate fell by 0.1578 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1578

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 12.8588) against the same month in 2023 (average: 12.6741), the exchange rate shifted by +0.1847 (+1.46%).

2024 Avg (September) 12.8588

2023 Avg (September) 12.6741

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.7386	12.5007	12.6467
February	12.8098	12.6250	12.7042
March	12.9075	12.6692	12.7765
April	12.7626	12.4850	12.6272
May	12.7010	12.5287	12.6231
June	12.7727	12.5351	12.6476
July	12.7789	12.5926	12.6884
August	12.8231	12.4446	12.6262
September	13.0042	12.7262	12.8588
October	12.9672	12.6898	12.8480
November	12.8280	12.5812	12.6902
December	12.7921	12.5448	12.6549