2024 MAD to SCR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MAD to SCR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MAD to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 1.5345. Conversely, the yearly low was recorded on January 17, dropping to 1.3076.
This high-to-low spread represents a total annual volatility of 0.2269 SCR. From a start-to-finish perspective, comparing the January average rate of 1.3448 to the December average rate of 1.4095, the exchange rate registered a net change of 4.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.5345 was up 4.96% compared to the 2023 peak of 1.4619, 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 SCR 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 1.3560, compared to 1.3956 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0396 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 0.2083 SCR (High: 1.5345 / Low: 1.3262). On the other end, May was the most stable month, with a tight range of 0.0554 SCR (High: 1.3935 / Low: 1.3382).
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 August and September, when the average rate fell by 0.0256 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 1.3926) against the same month in 2023 (average: 1.2974), the exchange rate shifted by +0.0953 (+7.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.4049 | 1.3076 | 1.3448 |
| February | 1.3733 | 1.3115 | 1.3381 |
| March | 1.4191 | 1.3267 | 1.3519 |
| April | 1.4201 | 1.3325 | 1.3465 |
| May | 1.3935 | 1.3382 | 1.3671 |
| June | 1.4765 | 1.3526 | 1.3878 |
| July | 1.4323 | 1.3541 | 1.3993 |
| August | 1.5322 | 1.3302 | 1.4083 |
| September | 1.4441 | 1.3234 | 1.3827 |
| October | 1.5345 | 1.3262 | 1.3926 |
| November | 1.4385 | 1.3448 | 1.3814 |
| December | 1.5131 | 1.3302 | 1.4095 |