2024 MAD to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MAD to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MAD to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 16.3731. Conversely, the yearly low was recorded on April 3, dropping to 15.1572.
This high-to-low spread represents a total annual volatility of 1.2159 JMD. From a start-to-finish perspective, comparing the January average rate of 15.5823 to the December average rate of 15.6168, the exchange rate registered a net change of 0.22% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 16.3731 was up 1.97% compared to the 2023 peak of 16.0566, 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 JMD 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 15.5254, compared to 15.9490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4235 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.6378 JMD (High: 16.3731 / Low: 15.7353). On the other end, October was the most stable month, with a tight range of 0.1826 JMD (High: 16.1738 / Low: 15.9912).
Growth Streaks & Declines
TrendsBetween June and September, 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 November and December, when the average rate fell by 0.3053 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 16.0657) against the same month in 2023 (average: 15.6188), the exchange rate shifted by +0.4468 (+2.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.7744 | 15.5067 | 15.5823 |
| February | 15.6455 | 15.4063 | 15.5486 |
| March | 15.5921 | 15.1823 | 15.3741 |
| April | 15.4619 | 15.1572 | 15.3637 |
| May | 15.7685 | 15.4280 | 15.6442 |
| June | 15.7574 | 15.4861 | 15.6396 |
| July | 15.9883 | 15.6246 | 15.8601 |
| August | 16.3731 | 15.7353 | 16.0657 |
| September | 16.2989 | 15.9405 | 16.1478 |
| October | 16.1738 | 15.9912 | 16.0812 |
| November | 16.1289 | 15.7277 | 15.9221 |
| December | 15.7966 | 15.4178 | 15.6168 |