2024 MZN to MAD Historical Review

YEARLY HIGH

0.1617 MAD

YEARLY LOW

0.1497 MAD

YEARLY AVERAGE

0.1556 MAD

2024 MZN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 0.1617. Conversely, the yearly low was recorded on August 24, dropping to 0.1497.

This high-to-low spread represents a total annual volatility of 0.0120 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1560 to the December average rate of 0.1569, the exchange rate registered a net change of 0.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1617 was down 1.72% compared to the 2023 peak of 0.1646, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MZN based on timing:

Yearly Peak High 809 MAD

2023 Average 792 MAD

Yearly Trough Low 749 MAD

Transaction Impact: A difference of 60.03 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1584

0.1517

JanuMarcMayJulySeptNove

MZN 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 0.1568, compared to 0.1543 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.1568

H2 Avg (Jul–Dec) 0.1543

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0075 MAD (High: 0.1617 / Low: 0.1543). On the other end, February was the most stable month, with a tight range of 0.0018 MAD (High: 0.1584 / Low: 0.1566).

January Spread (Volatile) ±0.0075

February Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1560) against the same month in 2023 (average: 0.1602), the exchange rate shifted by -0.0042 (-2.60%).

2024 Avg (January) 0.1560

2023 Avg (January) 0.1602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1617	0.1543	0.1560
February	0.1584	0.1566	0.1574
March	0.1586	0.1562	0.1573
April	0.1591	0.1563	0.1578
May	0.1581	0.1550	0.1563
June	0.1571	0.1545	0.1558
July	0.1562	0.1532	0.1543
August	0.1555	0.1497	0.1527
September	0.1534	0.1513	0.1523
October	0.1555	0.1527	0.1542
November	0.1576	0.1536	0.1558
December	0.1583	0.1557	0.1569