2024 MAD to PEN Historical Review

YEARLY HIGH

0.3917 PEN

YEARLY LOW

0.3636 PEN

YEARLY AVERAGE

0.3777 PEN

2024 MAD to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 0.3917. Conversely, the yearly low was recorded on April 22, dropping to 0.3636.

This high-to-low spread represents a total annual volatility of 0.0280 PEN. From a start-to-finish perspective, comparing the January average rate of 0.3749 to the December average rate of 0.3726, the exchange rate registered a net change of -0.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3917 was up 1.78% compared to the 2023 peak of 0.3848, 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 1,958 PEN

2023 Average 1,847 PEN

Yearly Trough Low 1,818 PEN

Transaction Impact: A difference of 140.07 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3895

0.3662

JanuMarcMayJulySeptNove

MAD to PEN 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 0.3745, compared to 0.3809 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0064 points.

H1 Avg (Jan–Jun) 0.3745

H2 Avg (Jul–Dec) 0.3809

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0129 PEN (High: 0.3891 / Low: 0.3761). On the other end, October was the most stable month, with a tight range of 0.0041 PEN (High: 0.3830 / Low: 0.3789).

August Spread (Volatile) ±0.0129

October Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

Between 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 February and March, when the average rate fell by 0.0112 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.3875) against the same month in 2023 (average: 0.3640), the exchange rate shifted by +0.0236 (+6.48%).

2024 Avg (September) 0.3875

2023 Avg (September) 0.3640

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3808	0.3705	0.3749
February	0.3854	0.3737	0.3807
March	0.3755	0.3653	0.3695
April	0.3719	0.3636	0.3681
May	0.3773	0.3682	0.3735
June	0.3858	0.3741	0.3801
July	0.3854	0.3759	0.3817
August	0.3891	0.3761	0.3830
September	0.3917	0.3824	0.3875
October	0.3830	0.3789	0.3808
November	0.3842	0.3744	0.3798
December	0.3761	0.3693	0.3726