2024 MAD to QAR Historical Review

YEARLY HIGH

0.3789 QAR

YEARLY LOW

0.3582 QAR

YEARLY AVERAGE

0.3666 QAR

2024 MAD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.3789. Conversely, the yearly low was recorded on April 16, dropping to 0.3582.

This high-to-low spread represents a total annual volatility of 0.0207 QAR. From a start-to-finish perspective, comparing the January average rate of 0.3661 to the December average rate of 0.3637, the exchange rate registered a net change of -0.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3789 was up 0.02% compared to the 2023 peak of 0.3788, 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 1,895 QAR

2023 Average 1,800 QAR

Yearly Trough Low 1,791 QAR

Transaction Impact: A difference of 103.51 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3759

0.3595

JanuMarcMayJulySeptNove

MAD to QAR 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 0.3637, compared to 0.3695 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0058 points.

H1 Avg (Jan–Jun) 0.3637

H2 Avg (Jul–Dec) 0.3695

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0124 QAR (High: 0.3789 / Low: 0.3665). On the other end, September was the most stable month, with a tight range of 0.0050 QAR (High: 0.3768 / Low: 0.3719).

August Spread (Volatile) ±0.0124

September Spread (Stable) ±0.0050

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 0.0044 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.3731) against the same month in 2023 (average: 0.3681), the exchange rate shifted by +0.0050 (+1.35%).

2024 Avg (August) 0.3731

2023 Avg (August) 0.3681

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3697	0.3633	0.3661
February	0.3654	0.3598	0.3623
March	0.3648	0.3592	0.3622
April	0.3640	0.3582	0.3609
May	0.3680	0.3602	0.3647
June	0.3696	0.3629	0.3661
July	0.3723	0.3653	0.3696
August	0.3789	0.3665	0.3731
September	0.3768	0.3719	0.3745
October	0.3734	0.3664	0.3701
November	0.3710	0.3614	0.3659
December	0.3665	0.3607	0.3637