2024 MAD to CNY Historical Review

YEARLY HIGH

0.7445 CNY

YEARLY LOW

0.7019 CNY

YEARLY AVERAGE

0.7223 CNY

2024 MAD to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 0.7445. Conversely, the yearly low was recorded on April 21, dropping to 0.7019.

This high-to-low spread represents a total annual volatility of 0.0426 CNY. From a start-to-finish perspective, comparing the January average rate of 0.7145 to the December average rate of 0.7270, the exchange rate registered a net change of 1.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7445 was up 0.02% compared to the 2023 peak of 0.7443, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,722 CNY

2023 Average 3,496 CNY

Yearly Trough Low 3,509 CNY

Transaction Impact: A difference of 212.83 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7385

0.7092

JanuMarcMayJulySeptNove

MAD to CNY 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 0.7168, compared to 0.7278 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0110 points.

H1 Avg (Jan–Jun) 0.7168

H2 Avg (Jul–Dec) 0.7278

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0262 CNY (High: 0.7294 / Low: 0.7032). On the other end, September was the most stable month, with a tight range of 0.0076 CNY (High: 0.7307 / Low: 0.7231).

May Spread (Volatile) ±0.0262

September Spread (Stable) ±0.0076

Growth Streaks & Declines

Trends

Between February and July, 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 0.0075 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.7327) against the same month in 2023 (average: 0.7313), the exchange rate shifted by +0.0014 (+0.19%).

2024 Avg (August) 0.7327

2023 Avg (August) 0.7313

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7234	0.7085	0.7145
February	0.7173	0.7060	0.7117
March	0.7212	0.7114	0.7158
April	0.7233	0.7019	0.7161
May	0.7294	0.7032	0.7174
June	0.7314	0.7081	0.7250
July	0.7409	0.7266	0.7360
August	0.7445	0.7246	0.7327
September	0.7307	0.7231	0.7273
October	0.7238	0.7146	0.7198
November	0.7286	0.7189	0.7239
December	0.7305	0.7224	0.7270