YEARLY HIGH
5.9689 PHP
YEARLY LOW
5.5149 PHP
YEARLY AVERAGE
5.7655 PHP

2024 MAD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 5.9689. Conversely, the yearly low was recorded on March 11, dropping to 5.5149.

This high-to-low spread represents a total annual volatility of 0.4540 PHP. From a start-to-finish perspective, comparing the January average rate of 5.6234 to the December average rate of 5.8332, the exchange rate registered a net change of 3.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 5.9689 was up 2.56% compared to the 2023 peak of 5.8200, 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 29,845 PHP
2023 Average 27,480 PHP
Yearly Trough Low 27,574 PHP
Transaction Impact: A difference of 2,270.09 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

5.9682
5.5236
JanuMarcMayJulySeptNove

MAD to PHP 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: JanтАУJun) was 5.6811, compared to 5.8499 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.1688 points.

H1 Avg (JanтАУJun) 5.6811
H2 Avg (JulтАУDec) 5.8499

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.2198 PHP (High: 5.9516 / Low: 5.7318). On the other end, February was the most stable month, with a tight range of 0.0546 PHP (High: 5.5972 / Low: 5.5426).

December Spread (Volatile) ┬▒0.2198
February Spread (Stable) ┬▒0.0546

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 July and August, when the average rate fell by 0.0894 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0894

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 5.9311) against the same month in 2023 (average: 5.6385), the exchange rate shifted by +0.2926 (+5.19%).

2024 Avg (July) 5.9311
2023 Avg (July) 5.6385

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Month High Low Average
January 5.7234 5.5800 5.6234
February 5.5972 5.5426 5.5701
March 5.6085 5.5149 5.5606
April 5.7180 5.5769 5.6510
May 5.8889 5.6732 5.7840
June 5.9363 5.8461 5.8977
July 5.9689 5.8872 5.9311
August 5.9111 5.7582 5.8417
September 5.8051 5.7140 5.7611
October 5.9219 5.7347 5.8359
November 5.9553 5.8499 5.8965
December 5.9516 5.7318 5.8332