2024 MAD to PKR Historical Review

YEARLY HIGH

29.1199 PKR

YEARLY LOW

27.3721 PKR

YEARLY AVERAGE

28.0200 PKR

2024 MAD to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 29.1199. Conversely, the yearly low was recorded on April 17, dropping to 27.3721.

This high-to-low spread represents a total annual volatility of 1.7478 PKR. From a start-to-finish perspective, comparing the January average rate of 28.1286 to the December average rate of 27.7644, the exchange rate registered a net change of -1.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.1199 was down 3.75% compared to the 2023 peak of 30.2534, 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 145,600 PKR

2023 Average 138,140 PKR

Yearly Trough Low 136,861 PKR

Transaction Impact: A difference of 8,739.19 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

28.7149

27.4415

JanuMarcMayJulySeptNove

MAD to PKR 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 27.8264, compared to 28.2137 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3873 points.

H1 Avg (Jan–Jun) 27.8264

H2 Avg (Jul–Dec) 28.2137

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.0850 PKR (High: 29.1199 / Low: 28.0350). On the other end, September was the most stable month, with a tight range of 0.3207 PKR (High: 28.7455 / Low: 28.4248).

August Spread (Volatile) ±1.0850

September Spread (Stable) ±0.3207

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 September and October, when the average rate fell by 0.3949 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3949

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 28.5463) against the same month in 2023 (average: 29.6377), the exchange rate shifted by -1.0914 (-3.68%).

2024 Avg (August) 28.5463

2023 Avg (August) 29.6377

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.5105	27.6863	28.1286
February	27.9460	27.4536	27.7406
March	27.9032	27.4248	27.7128
April	27.7590	27.3721	27.5476
May	28.1066	27.5420	27.8534
June	28.1956	27.7176	27.9753
July	28.3950	27.9040	28.2286
August	29.1199	28.0350	28.5463
September	28.7455	28.4248	28.6088
October	28.4608	27.9467	28.2139
November	28.3149	27.5746	27.9202
December	27.9541	27.5690	27.7644