2024 MXN to MAD Historical Review

YEARLY HIGH

0.6123 MAD

YEARLY LOW

0.4819 MAD

YEARLY AVERAGE

0.5458 MAD

2024 MXN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 0.6123. Conversely, the yearly low was recorded on November 12, dropping to 0.4819.

This high-to-low spread represents a total annual volatility of 0.1304 MAD. From a start-to-finish perspective, comparing the January average rate of 0.5835 to the December average rate of 0.4946, the exchange rate registered a net change of -15.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6123 was up 1.03% compared to the 2023 peak of 0.6061, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 30,613 MAD

2023 Average 28,570 MAD

Yearly Trough Low 24,096 MAD

Transaction Impact: A difference of 6,517.60 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6116

0.4788

JanuMarcMayJulySeptNove

MXN to MAD 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 0.5857, compared to 0.5059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0798 points.

H1 Avg (Jan–Jun) 0.5857

H2 Avg (Jul–Dec) 0.5059

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0547 MAD (High: 0.5852 / Low: 0.5305). On the other end, February was the most stable month, with a tight range of 0.0084 MAD (High: 0.5927 / Low: 0.5843).

June Spread (Volatile) ±0.0547

February Spread (Stable) ±0.0084

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0472 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0472

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.6006) against the same month in 2023 (average: 0.5606), the exchange rate shifted by +0.0399 (+7.12%).

2024 Avg (April) 0.6006

2023 Avg (April) 0.5606

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5907	0.5690	0.5835
February	0.5927	0.5843	0.5885
March	0.6119	0.5899	0.5996
April	0.6123	0.5885	0.6006
May	0.5994	0.5842	0.5947
June	0.5852	0.5305	0.5476
July	0.5570	0.5278	0.5447
August	0.5255	0.4872	0.5094
September	0.5099	0.4851	0.4964
October	0.5094	0.4889	0.5006
November	0.4987	0.4819	0.4899
December	0.5011	0.4841	0.4946