2024 MAD to GYD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MAD to GYD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MAD to GYD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 21.8699. Conversely, the yearly low was recorded on April 16, dropping to 20.5855.
This high-to-low spread represents a total annual volatility of 1.2845 GYD. From a start-to-finish perspective, comparing the January average rate of 21.0295 to the December average rate of 20.8780, the exchange rate registered a net change of -0.72% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 21.8699 was up 0.23% compared to the 2023 peak of 21.8196, 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 GYD 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 20.8923, compared to 21.2185 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3263 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.8358 GYD (High: 21.8699 / Low: 21.0342). On the other end, September was the most stable month, with a tight range of 0.2967 GYD (High: 21.6419 / Low: 21.3452).
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 0.2585 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 21.4336) against the same month in 2023 (average: 21.1440), the exchange rate shifted by +0.2896 (+1.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.2480 | 20.8740 | 21.0295 |
| February | 20.9506 | 20.6353 | 20.8101 |
| March | 21.3539 | 20.6441 | 20.8218 |
| April | 20.8869 | 20.5855 | 20.7310 |
| May | 21.1294 | 20.7007 | 20.9416 |
| June | 21.2069 | 20.8206 | 21.0195 |
| July | 21.3665 | 20.9620 | 21.2138 |
| August | 21.8699 | 21.0342 | 21.4336 |
| September | 21.6419 | 21.3452 | 21.5124 |
| October | 21.4332 | 21.0600 | 21.2539 |
| November | 21.3194 | 20.7822 | 21.0194 |
| December | 21.0490 | 20.7000 | 20.8780 |