2024 MAD to DKK Historical Review

YEARLY HIGH

0.7218 DKK

YEARLY LOW

0.6787 DKK

YEARLY AVERAGE

0.6939 DKK

2024 MAD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.7218. Conversely, the yearly low was recorded on March 20, dropping to 0.6787.

This high-to-low spread represents a total annual volatility of 0.0432 DKK. From a start-to-finish perspective, comparing the January average rate of 0.6870 to the December average rate of 0.7111, the exchange rate registered a net change of 3.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7218 was up 2.71% compared to the 2023 peak of 0.7028, 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 3,609 DKK

2023 Average 3,404 DKK

Yearly Trough Low 3,393 DKK

Transaction Impact: A difference of 215.93 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7140

0.6796

JanuMarcMayJulySeptNove

MAD to DKK 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 0.6888, compared to 0.6989 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0101 points.

H1 Avg (Jan–Jun) 0.6888

H2 Avg (Jul–Dec) 0.6989

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0174 DKK (High: 0.7032 / Low: 0.6858). On the other end, July was the most stable month, with a tight range of 0.0058 DKK (High: 0.7000 / Low: 0.6942).

June Spread (Volatile) ±0.0174

July Spread (Stable) ±0.0058

Growth Streaks & Declines

Trends

Between March and July, 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 February and March, when the average rate fell by 0.0042 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.7111) against the same month in 2023 (average: 0.6800), the exchange rate shifted by +0.0311 (+4.57%).

2024 Avg (December) 0.7111

2023 Avg (December) 0.6800

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6972	0.6805	0.6870
February	0.6924	0.6798	0.6867
March	0.6864	0.6787	0.6825
April	0.6994	0.6822	0.6894
May	0.6955	0.6858	0.6908
June	0.7032	0.6858	0.6965
July	0.7000	0.6942	0.6974
August	0.6985	0.6903	0.6941
September	0.6947	0.6876	0.6904
October	0.6998	0.6907	0.6951
November	0.7120	0.6949	0.7052
December	0.7218	0.7070	0.7111