2024 ISK to MAD Historical Review

YEARLY HIGH

0.0742 MAD

YEARLY LOW

0.0702 MAD

YEARLY AVERAGE

0.0720 MAD

2024 ISK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.0742. Conversely, the yearly low was recorded on August 24, dropping to 0.0702.

This high-to-low spread represents a total annual volatility of 0.0040 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0727 to the December average rate of 0.0722, the exchange rate registered a net change of -0.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0742 was down 4.35% compared to the 2023 peak of 0.0776, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 371 MAD

2023 Average 367 MAD

Yearly Trough Low 351 MAD

Transaction Impact: A difference of 19.82 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0735

0.0706

JanuMarcMayJulySeptNove

ISK 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 0.0724, compared to 0.0716 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0724

H2 Avg (Jul–Dec) 0.0716

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0020 MAD (High: 0.0733 / Low: 0.0713). On the other end, July was the most stable month, with a tight range of 0.0008 MAD (High: 0.0721 / Low: 0.0712).

November Spread (Volatile) ±0.0020

July Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0013 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.0733) against the same month in 2023 (average: 0.0738), the exchange rate shifted by -0.0005 (-0.73%).

2024 Avg (March) 0.0733

2023 Avg (March) 0.0738

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0736	0.0719	0.0727
February	0.0735	0.0724	0.0730
March	0.0742	0.0724	0.0733
April	0.0727	0.0708	0.0720
May	0.0726	0.0715	0.0720
June	0.0727	0.0712	0.0718
July	0.0721	0.0712	0.0716
August	0.0715	0.0702	0.0708
September	0.0718	0.0702	0.0710
October	0.0726	0.0716	0.0720
November	0.0733	0.0713	0.0721
December	0.0730	0.0714	0.0722