2024 MAD to SGD Historical Review

YEARLY HIGH

0.1371 SGD

YEARLY LOW

0.1319 SGD

YEARLY AVERAGE

0.1345 SGD

2024 MAD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 0.1371. Conversely, the yearly low was recorded on October 19, dropping to 0.1319.

This high-to-low spread represents a total annual volatility of 0.0053 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1342 to the December average rate of 0.1349, the exchange rate registered a net change of 0.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1371 was down 1.34% compared to the 2023 peak of 0.1390, 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 686 SGD

2023 Average 664 SGD

Yearly Trough Low 659 SGD

Transaction Impact: A difference of 26.40 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1368

0.1327

JanuMarcMayJulySeptNove

MAD to SGD 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 0.1345, compared to 0.1345 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.1345

H2 Avg (Jul–Dec) 0.1345

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0032 SGD (High: 0.1361 / Low: 0.1330). On the other end, February was the most stable month, with a tight range of 0.0014 SGD (High: 0.1344 / Low: 0.1330).

January Spread (Volatile) ±0.0032

February Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between March and July, 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 0.0017 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 0.1365) against the same month in 2023 (average: 0.1371), the exchange rate shifted by -0.0006 (-0.44%).

2024 Avg (July) 0.1365

2023 Avg (July) 0.1371

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1361	0.1330	0.1342
February	0.1344	0.1330	0.1337
March	0.1342	0.1326	0.1334
April	0.1358	0.1336	0.1345
May	0.1363	0.1342	0.1352
June	0.1368	0.1348	0.1359
July	0.1371	0.1346	0.1365
August	0.1360	0.1338	0.1349
September	0.1341	0.1320	0.1332
October	0.1343	0.1319	0.1331
November	0.1351	0.1335	0.1342
December	0.1365	0.1340	0.1349