2024 MAD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MAD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MAD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 474.7836. Conversely, the yearly low was recorded on April 16, dropping to 429.3576.
This high-to-low spread represents a total annual volatility of 45.4260 MGA. From a start-to-finish perspective, comparing the January average rate of 458.6141 to the December average rate of 469.2045, the exchange rate registered a net change of 2.31% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 474.7836 was up 1.24% compared to the 2023 peak of 468.9672, 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 MGA 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 447.1438, compared to 465.7807 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 18.6368 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 18.9329 MGA (High: 450.8386 / Low: 431.9057). On the other end, September was the most stable month, with a tight range of 5.4090 MGA (High: 469.5820 / Low: 464.1730).
Growth Streaks & Declines
TrendsBetween April and August, 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 March and April, when the average rate fell by 8.8297 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 468.1340) against the same month in 2023 (average: 454.7296), the exchange rate shifted by +13.4044 (+2.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 465.5357 | 451.4914 | 458.6141 |
| February | 453.9339 | 446.6033 | 451.3888 |
| March | 450.8386 | 431.9057 | 444.3315 |
| April | 439.8080 | 429.3576 | 435.5018 |
| May | 447.8508 | 438.4769 | 443.7151 |
| June | 454.8912 | 442.9385 | 449.3115 |
| July | 462.7381 | 448.9605 | 456.9645 |
| August | 474.7836 | 458.8615 | 468.1340 |
| September | 469.5820 | 464.1730 | 467.0340 |
| October | 469.2697 | 462.5063 | 466.1247 |
| November | 469.5173 | 463.5466 | 467.2222 |
| December | 473.8676 | 462.5435 | 469.2045 |