2024 MAD to HKD Historical Review

YEARLY HIGH

0.8148 HKD

YEARLY LOW

0.7684 HKD

YEARLY AVERAGE

0.7852 HKD

2024 MAD to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 0.8148. Conversely, the yearly low was recorded on December 28, dropping to 0.7684.

This high-to-low spread represents a total annual volatility of 0.0464 HKD. From a start-to-finish perspective, comparing the January average rate of 0.7855 to the December average rate of 0.7761, the exchange rate registered a net change of -1.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8148 was up 0.17% compared to the 2023 peak of 0.8134, 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 4,074 HKD

2023 Average 3,868 HKD

Yearly Trough Low 3,842 HKD

Transaction Impact: A difference of 231.99 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8035

0.7733

JanuMarcMayJulySeptNove

MAD to HKD 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 0.7806, compared to 0.7899 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0093 points.

H1 Avg (Jan–Jun) 0.7806

H2 Avg (Jul–Dec) 0.7899

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0285 HKD (High: 0.8148 / Low: 0.7863). On the other end, February was the most stable month, with a tight range of 0.0079 HKD (High: 0.7816 / Low: 0.7737).

August Spread (Volatile) ±0.0285

February Spread (Stable) ±0.0079

Growth Streaks & Declines

Trends

Between 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 0.0121 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.7995) against the same month in 2023 (average: 0.7906), the exchange rate shifted by +0.0089 (+1.12%).

2024 Avg (August) 0.7995

2023 Avg (August) 0.7906

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7941	0.7799	0.7855
February	0.7816	0.7737	0.7777
March	0.7841	0.7718	0.7781
April	0.7834	0.7704	0.7758
May	0.7878	0.7737	0.7819
June	0.7908	0.7781	0.7847
July	0.7979	0.7832	0.7921
August	0.8148	0.7863	0.7995
September	0.8055	0.7955	0.8010
October	0.7967	0.7821	0.7889
November	0.7925	0.7727	0.7816
December	0.7824	0.7684	0.7761