2024 MAD to HUF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MAD to HUF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MAD to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 39.9969. Conversely, the yearly low was recorded on January 10, dropping to 34.6218.
This high-to-low spread represents a total annual volatility of 5.3751 HUF. From a start-to-finish perspective, comparing the January average rate of 35.1922 to the December average rate of 39.2797, the exchange rate registered a net change of 11.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 39.9969 was up 9.02% compared to the 2023 peak of 36.6890, 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 HUF 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 36.0102, compared to 37.5609 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5507 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 1.5176 HUF (High: 37.4136 / Low: 35.8960). On the other end, July was the most stable month, with a tight range of 0.5978 HUF (High: 36.9698 / Low: 36.3720).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.4257 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 39.2797) against the same month in 2023 (average: 34.8140), the exchange rate shifted by +4.4657 (+12.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 36.1251 | 34.6218 | 35.1922 |
| February | 35.9699 | 35.1924 | 35.7390 |
| March | 36.5939 | 35.8492 | 36.1503 |
| April | 36.8202 | 35.7131 | 36.2882 |
| May | 36.1083 | 35.4553 | 35.8625 |
| June | 37.4136 | 35.8960 | 36.8292 |
| July | 36.9698 | 36.3720 | 36.6769 |
| August | 37.2895 | 36.3247 | 36.7188 |
| September | 36.9565 | 36.1914 | 36.5352 |
| October | 38.1550 | 36.8700 | 37.4539 |
| November | 39.2746 | 37.9462 | 38.7012 |
| December | 39.9969 | 38.9240 | 39.2797 |