2024 MAD to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MAD to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MAD to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 9359.1418. Conversely, the yearly low was recorded on February 14, dropping to 1486.6557.
This high-to-low spread represents a total annual volatility of 7872.4861 LBP. From a start-to-finish perspective, comparing the January average rate of 1510.3548 to the December average rate of 8937.7544, the exchange rate registered a net change of 491.77% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 9359.1418 was up 495.95% compared to the 2023 peak of 1570.4609, 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 LBP 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 6797.0054, compared to 9084.1296 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2287.1242 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 7428.6691 LBP (High: 8915.3248 / Low: 1486.6557). On the other end, January was the most stable month, with a tight range of 25.9780 LBP (High: 1526.8450 / Low: 1500.8670).
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 109.0172 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 9175.7932) against the same month in 2023 (average: 1521.2462), the exchange rate shifted by +7654.5470 (+503.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1526.8450 | 1500.8670 | 1510.3548 |
| February | 8915.3248 | 1486.6557 | 3536.9538 |
| March | 8958.7872 | 8841.2199 | 8906.0667 |
| April | 8939.8853 | 8806.2891 | 8869.0464 |
| May | 9061.0831 | 8858.8269 | 8961.3344 |
| June | 9076.6696 | 8910.9333 | 8998.2765 |
| July | 9140.2829 | 8976.8073 | 9080.9000 |
| August | 9359.1418 | 9011.9541 | 9175.7932 |
| September | 9265.0918 | 9136.8623 | 9209.0115 |
| October | 9180.5653 | 9018.6210 | 9099.9943 |
| November | 9124.4193 | 8893.7416 | 9001.3243 |
| December | 9008.3152 | 8864.8415 | 8937.7544 |