2024 MAD to HRK Historical Review

YEARLY HIGH

0.7289 HRK

YEARLY LOW

0.6857 HRK

YEARLY AVERAGE

0.7009 HRK

2024 MAD to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.7289. Conversely, the yearly low was recorded on March 20, dropping to 0.6857.

This high-to-low spread represents a total annual volatility of 0.0432 HRK. From a start-to-finish perspective, comparing the January average rate of 0.6941 to the December average rate of 0.7184, the exchange rate registered a net change of 3.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7289 was up 2.53% compared to the 2023 peak of 0.7109, 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 3,644 HRK

2023 Average 3,442 HRK

Yearly Trough Low 3,428 HRK

Transaction Impact: A difference of 216.00 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7213

0.6868

JanuMarcMayJulySeptNove

MAD to HRK 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 0.6959, compared to 0.7060 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) 0.6959

H2 Avg (Jul–Dec) 0.7060

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0175 HRK (High: 0.7103 / Low: 0.6928). On the other end, July was the most stable month, with a tight range of 0.0057 HRK (High: 0.7068 / Low: 0.7011).

June Spread (Volatile) ±0.0175

July Spread (Stable) ±0.0057

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 0.0045 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.7184) against the same month in 2023 (average: 0.6873), the exchange rate shifted by +0.0311 (+4.53%).

2024 Avg (December) 0.7184

2023 Avg (December) 0.6873

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7045	0.6877	0.6941
February	0.6999	0.6871	0.6941
March	0.6934	0.6857	0.6896
April	0.7064	0.6891	0.6964
May	0.7023	0.6925	0.6976
June	0.7103	0.6928	0.7035
July	0.7068	0.7011	0.7043
August	0.7053	0.6970	0.7009
September	0.7014	0.6944	0.6974
October	0.7068	0.6978	0.7022
November	0.7193	0.7023	0.7126
December	0.7289	0.7131	0.7184