2024 HKD to MAD Historical Review

YEARLY HIGH

1.3013 MAD

YEARLY LOW

1.2272 MAD

YEARLY AVERAGE

1.2737 MAD

2024 HKD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.3013. Conversely, the yearly low was recorded on August 24, dropping to 1.2272.

This high-to-low spread represents a total annual volatility of 0.0741 MAD. From a start-to-finish perspective, comparing the January average rate of 1.2731 to the December average rate of 1.2885, the exchange rate registered a net change of 1.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.3013 was down 3.31% compared to the 2023 peak of 1.3459, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 32,534 MAD

2023 Average 32,324 MAD

Yearly Trough Low 30,681 MAD

Transaction Impact: A difference of 1,852.52 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.2930

1.2444

JanuMarcMayJulySeptNove

HKD 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 1.2811, compared to 1.2662 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0148 points.

H1 Avg (Jan–Jun) 1.2811

H2 Avg (Jul–Dec) 1.2662

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0445 MAD (High: 1.2718 / Low: 1.2272). On the other end, February was the most stable month, with a tight range of 0.0131 MAD (High: 1.2925 / Low: 1.2794).

August Spread (Volatile) ±0.0445

February Spread (Stable) ±0.0131

Growth Streaks & Declines

Trends

Between September and December, 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 0.0120 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0120

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 1.2885) against the same month in 2023 (average: 1.2858), the exchange rate shifted by +0.0027 (+0.21%).

2024 Avg (December) 1.2885

2023 Avg (December) 1.2858

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2822	1.2592	1.2731
February	1.2925	1.2794	1.2859
March	1.2956	1.2754	1.2851
April	1.2981	1.2765	1.2890
May	1.2925	1.2694	1.2789
June	1.2852	1.2646	1.2744
July	1.2768	1.2534	1.2624
August	1.2718	1.2272	1.2509
September	1.2571	1.2415	1.2484
October	1.2786	1.2552	1.2676
November	1.2942	1.2619	1.2795
December	1.3013	1.2781	1.2885