2024 JOD to MAD Historical Review

YEARLY HIGH

14.3451 MAD

YEARLY LOW

13.5010 MAD

YEARLY AVERAGE

14.0188 MAD

2024 JOD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 14.3451. Conversely, the yearly low was recorded on August 24, dropping to 13.5010.

This high-to-low spread represents a total annual volatility of 0.8440 MAD. From a start-to-finish perspective, comparing the January average rate of 14.0277 to the December average rate of 14.1229, the exchange rate registered a net change of 0.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 14.3451 was down 3.17% compared to the 2023 peak of 14.8141, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 71,725 MAD

2023 Average 71,364 MAD

Yearly Trough Low 67,505 MAD

Transaction Impact: A difference of 4,220.16 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

14.2926

13.6737

JanuMarcMayJulySeptNove

JOD 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 14.1286, compared to 13.9091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2195 points.

H1 Avg (Jan–Jun) 14.1286

H2 Avg (Jul–Dec) 13.9091

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.5216 MAD (High: 14.0226 / Low: 13.5010). On the other end, February was the most stable month, with a tight range of 0.1625 MAD (High: 14.2699 / Low: 14.1074).

August Spread (Volatile) ±0.5216

February Spread (Stable) ±0.1625

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 July and August, when the average rate fell by 0.1492 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1492

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 14.2410) against the same month in 2023 (average: 14.2789), the exchange rate shifted by -0.0379 (-0.27%).

2024 Avg (April) 14.2410

2023 Avg (April) 14.2789

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.1257	13.8846	14.0277
February	14.2699	14.1074	14.1839
March	14.2991	14.0702	14.1826
April	14.3451	14.1019	14.2410
May	14.2680	13.9715	14.0932
June	14.1640	13.9349	14.0431
July	14.0749	13.8088	13.9114
August	14.0226	13.5010	13.7622
September	13.8304	13.6393	13.7252
October	14.0166	13.7616	13.8953
November	14.2074	13.8421	14.0374
December	14.2455	14.0248	14.1229