2024 MAD to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MAD to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MAD to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 99.5777. Conversely, the yearly low was recorded on January 3, dropping to 88.7683.
This high-to-low spread represents a total annual volatility of 10.8093 CLP. From a start-to-finish perspective, comparing the January average rate of 91.3279 to the December average rate of 98.2016, the exchange rate registered a net change of 7.53% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 99.5777 was up 7.89% compared to the 2023 peak of 92.2939, 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 CLP 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 93.8985, compared to 96.0756 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1771 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 5.6949 CLP (High: 96.0474 / Low: 90.3526). On the other end, December was the most stable month, with a tight range of 2.4300 CLP (High: 99.5777 / Low: 97.1477).
Growth Streaks & Declines
TrendsBetween May and August, 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 April and May, when the average rate fell by 2.9870 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 98.2016) against the same month in 2023 (average: 87.2550), the exchange rate shifted by +10.9465 (+12.55%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 92.9800 | 88.7683 | 91.3279 |
| February | 98.5461 | 93.4112 | 96.0599 |
| March | 98.8275 | 93.8860 | 96.1918 |
| April | 97.7017 | 93.3455 | 94.7488 |
| May | 95.0203 | 89.4866 | 91.7618 |
| June | 96.0474 | 90.3526 | 93.3006 |
| July | 96.9736 | 92.3011 | 94.8168 |
| August | 97.1876 | 93.5641 | 95.2711 |
| September | 97.4401 | 92.7604 | 95.2341 |
| October | 97.7282 | 92.6886 | 95.2430 |
| November | 99.2559 | 96.6884 | 97.6869 |
| December | 99.5777 | 97.1477 | 98.2016 |