2024 MAD to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MAD to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MAD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 97.8688. Conversely, the yearly low was recorded on February 28, dropping to 81.8903.
This high-to-low spread represents a total annual volatility of 15.9784 AOA. From a start-to-finish perspective, comparing the January average rate of 83.4501 to the December average rate of 91.1838, the exchange rate registered a net change of 9.27% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 97.8688 was up 14.15% compared to the 2023 peak of 85.7378, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MAD to AOA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 83.6837, compared to 91.7990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.1153 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 6.2145 AOA (High: 94.5320 / Low: 88.3176). On the other end, February was the most stable month, with a tight range of 1.2681 AOA (High: 83.1584 / Low: 81.8903).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 2.4594 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 92.9450) against the same month in 2023 (average: 80.5821), the exchange rate shifted by +12.3629 (+15.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 84.3602 | 83.0315 | 83.4501 |
| February | 83.1584 | 81.8903 | 82.6247 |
| March | 83.5350 | 82.1554 | 82.9912 |
| April | 83.8262 | 82.2548 | 82.7830 |
| May | 86.0069 | 82.7259 | 84.3907 |
| June | 86.5167 | 85.1017 | 85.8627 |
| July | 89.4619 | 86.2714 | 88.4254 |
| August | 94.5320 | 88.3176 | 91.2111 |
| September | 97.1881 | 93.0816 | 95.4044 |
| October | 97.8688 | 91.8470 | 92.9450 |
| November | 92.8628 | 90.6248 | 91.6244 |
| December | 91.8387 | 90.2717 | 91.1838 |