2024 MAD to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MAD to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MAD to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 54.7744. Conversely, the yearly low was recorded on April 16, dropping to 49.2409.
This high-to-low spread represents a total annual volatility of 5.5335 CRC. From a start-to-finish perspective, comparing the January average rate of 51.9496 to the December average rate of 50.5016, the exchange rate registered a net change of -2.79% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 54.7744 was down 5.00% compared to the 2023 peak of 57.6546, 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 CRC 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 51.3090, compared to 52.4715 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1624 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 2.2240 CRC (High: 54.7744 / Low: 52.5504). On the other end, December was the most stable month, with a tight range of 0.9037 CRC (High: 51.0129 / Low: 50.1092).
Growth Streaks & Declines
TrendsBetween April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.1322 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 53.7956) against the same month in 2023 (average: 54.3688), the exchange rate shifted by -0.5733 (-1.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 52.5840 | 50.9805 | 51.9496 |
| February | 51.7676 | 50.6849 | 51.2789 |
| March | 51.2906 | 49.6168 | 50.5785 |
| April | 50.7637 | 49.2409 | 49.9381 |
| May | 52.2985 | 50.4589 | 51.3145 |
| June | 53.5735 | 52.2176 | 52.7945 |
| July | 54.2756 | 52.5985 | 53.4120 |
| August | 54.7744 | 52.5504 | 53.7956 |
| September | 54.0802 | 52.9088 | 53.4076 |
| October | 53.0921 | 51.7385 | 52.4221 |
| November | 52.2331 | 50.5981 | 51.2899 |
| December | 51.0129 | 50.1092 | 50.5016 |