2024 MAD to NOK Historical Review

YEARLY HIGH

1.1406 NOK

YEARLY LOW

1.0261 NOK

YEARLY AVERAGE

1.0821 NOK

2024 MAD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 1.1406. Conversely, the yearly low was recorded on January 1, dropping to 1.0261.

This high-to-low spread represents a total annual volatility of 0.1144 NOK. From a start-to-finish perspective, comparing the January average rate of 1.0450 to the December average rate of 1.1213, the exchange rate registered a net change of 7.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.1406 was up 3.71% compared to the 2023 peak of 1.0998, 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 5,703 NOK

2023 Average 5,218 NOK

Yearly Trough Low 5,131 NOK

Transaction Impact: A difference of 572.25 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.1289

1.0374

JanuMarcMayJulySeptNove

MAD to NOK 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 1.0620, compared to 1.1022 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0401 points.

H1 Avg (Jan–Jun) 1.0620

H2 Avg (Jul–Dec) 1.1022

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0612 NOK (High: 1.1213 / Low: 1.0601). On the other end, February was the most stable month, with a tight range of 0.0236 NOK (High: 1.0619 / Low: 1.0383).

July Spread (Volatile) ±0.0612

February Spread (Stable) ±0.0236

Growth Streaks & Declines

Trends

Between 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 May and June, when the average rate fell by 0.0087 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 1.1213) against the same month in 2023 (average: 1.0472), the exchange rate shifted by +0.0741 (+7.07%).

2024 Avg (December) 1.1213

2023 Avg (December) 1.0472

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0664	1.0261	1.0450
February	1.0619	1.0383	1.0490
March	1.0759	1.0386	1.0559
April	1.0991	1.0623	1.0807
May	1.0913	1.0553	1.0752
June	1.0802	1.0481	1.0665
July	1.1213	1.0601	1.0951
August	1.1198	1.0811	1.0969
September	1.1137	1.0732	1.0907
October	1.1177	1.0837	1.0992
November	1.1271	1.0951	1.1100
December	1.1406	1.1067	1.1213