2024 ILS to MAD Historical Review

YEARLY HIGH

2.8293 MAD

YEARLY LOW

2.5599 MAD

YEARLY AVERAGE

2.6861 MAD

2024 ILS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ILS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 29, valuing the pair at 2.8293. Conversely, the yearly low was recorded on September 21, dropping to 2.5599.

This high-to-low spread represents a total annual volatility of 0.2694 MAD. From a start-to-finish perspective, comparing the January average rate of 2.6838 to the December average rate of 2.7645, the exchange rate registered a net change of 3.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8293 was down 6.65% compared to the 2023 peak of 3.0307, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,146 MAD

2023 Average 13,751 MAD

Yearly Trough Low 12,799 MAD

Transaction Impact: A difference of 1,346.91 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.7840

2.5916

JanuMarcMayJulySeptNove

ILS 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 2.7105, compared to 2.6617 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0488 points.

H1 Avg (Jan–Jun) 2.7105

H2 Avg (Jul–Dec) 2.6617

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.1410 MAD (High: 2.7567 / Low: 2.6157). On the other end, May was the most stable month, with a tight range of 0.0503 MAD (High: 2.7239 / Low: 2.6736).

November Spread (Volatile) ±0.1410

May Spread (Stable) ±0.0503

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 March and April, when the average rate fell by 0.0823 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0823

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.7602) against the same month in 2023 (average: 2.9075), the exchange rate shifted by -0.1473 (-5.06%).

2024 Avg (February) 2.7602

2023 Avg (February) 2.9075

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7552	2.6232	2.6838
February	2.8293	2.7188	2.7602
March	2.8262	2.7232	2.7679
April	2.7427	2.6471	2.6856
May	2.7239	2.6736	2.6987
June	2.7182	2.6343	2.6665
July	2.7166	2.6400	2.6847
August	2.6922	2.5676	2.6212
September	2.6840	2.5599	2.6076
October	2.6730	2.5697	2.6157
November	2.7567	2.6157	2.6763
December	2.8040	2.7400	2.7645