2024 NAD to MAD Historical Review

YEARLY HIGH

0.5657 MAD

YEARLY LOW

0.5160 MAD

YEARLY AVERAGE

0.5425 MAD

2024 NAD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NAD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 18, valuing the pair at 0.5657. Conversely, the yearly low was recorded on January 23, dropping to 0.5160.

This high-to-low spread represents a total annual volatility of 0.0497 MAD. From a start-to-finish perspective, comparing the January average rate of 0.5298 to the December average rate of 0.5497, the exchange rate registered a net change of 3.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5657 was down 8.55% compared to the 2023 peak of 0.6186, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,829 MAD

2023 Average 2,739 MAD

Yearly Trough Low 2,580 MAD

Transaction Impact: A difference of 248.48 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5634

0.5267

JanuMarcMayJulySeptNove

NAD 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 0.5352, compared to 0.5498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0146 points.

H1 Avg (Jan–Jun) 0.5352

H2 Avg (Jul–Dec) 0.5498

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0344 MAD (High: 0.5560 / Low: 0.5216). On the other end, May was the most stable month, with a tight range of 0.0080 MAD (High: 0.5477 / Low: 0.5397).

June Spread (Volatile) ±0.0344

May Spread (Stable) ±0.0080

Growth Streaks & Declines

Trends

Between January and May, 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 November and December, when the average rate fell by 0.0056 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.5604) against the same month in 2023 (average: 0.5337), the exchange rate shifted by +0.0267 (+5.00%).

2024 Avg (October) 0.5604

2023 Avg (October) 0.5337

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5372	0.5160	0.5298
February	0.5410	0.5200	0.5301
March	0.5393	0.5253	0.5333
April	0.5424	0.5272	0.5345
May	0.5477	0.5397	0.5434
June	0.5560	0.5216	0.5403
July	0.5486	0.5329	0.5407
August	0.5537	0.5289	0.5409
September	0.5645	0.5430	0.5522
October	0.5657	0.5560	0.5604
November	0.5653	0.5472	0.5553
December	0.5653	0.5356	0.5497