2024 KWD to MAD Historical Review

YEARLY HIGH

33.0030 MAD

YEARLY LOW

31.3738 MAD

YEARLY AVERAGE

32.3862 MAD

2024 KWD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KWD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 33.0030. Conversely, the yearly low was recorded on August 24, dropping to 31.3738.

This high-to-low spread represents a total annual volatility of 1.6293 MAD. From a start-to-finish perspective, comparing the January average rate of 32.3560 to the December average rate of 32.5502, the exchange rate registered a net change of 0.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 33.0030 was down 3.86% compared to the 2023 peak of 34.3277, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 165,015 MAD

2023 Average 164,697 MAD

Yearly Trough Low 156,869 MAD

Transaction Impact: A difference of 8,146.26 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

32.8760

31.7759

JanuMarcMayJulySeptNove

KWD 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 32.5848, compared to 32.1876 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3972 points.

H1 Avg (Jan–Jun) 32.5848

H2 Avg (Jul–Dec) 32.1876

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.1436 MAD (High: 32.5174 / Low: 31.3738). On the other end, February was the most stable month, with a tight range of 0.3497 MAD (High: 32.8839 / Low: 32.5343).

August Spread (Volatile) ±1.1436

February Spread (Stable) ±0.3497

Growth Streaks & Declines

Trends

Between January and April, 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 0.3163 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3163

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 32.7843) against the same month in 2023 (average: 33.0589), the exchange rate shifted by -0.2746 (-0.83%).

2024 Avg (April) 32.7843

2023 Avg (April) 33.0589

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.5688	32.0110	32.3560
February	32.8839	32.5343	32.6757
March	32.9496	32.4624	32.7040
April	33.0030	32.5173	32.7843
May	32.8111	32.2826	32.5214
June	32.7536	32.2291	32.4672
July	32.5491	32.0300	32.2365
August	32.5174	31.3738	31.9203
September	32.0763	31.6507	31.8675
October	32.4122	31.8913	32.1436
November	32.7244	32.0258	32.4074
December	32.7915	32.3582	32.5502