2024 NGN to MAD Historical Review

YEARLY HIGH

0.0116 MAD

YEARLY LOW

0.0058 MAD

YEARLY AVERAGE

0.0070 MAD

2024 NGN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0116. Conversely, the yearly low was recorded on September 30, dropping to 0.0058.

This high-to-low spread represents a total annual volatility of 0.0058 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0109 to the December average rate of 0.0064, the exchange rate registered a net change of -41.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0116 was down 50.41% compared to the 2023 peak of 0.0234, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 11,627 MAD

2023 Average 17,123 MAD

Yearly Trough Low 5,809 MAD

Transaction Impact: A difference of 5,817.64 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0114

0.0054

JanuMarcMayJulySeptNove

NGN 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 0.0078, compared to 0.0062 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0078

H2 Avg (Jul–Dec) 0.0062

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0049 MAD (High: 0.0111 / Low: 0.0063). On the other end, November was the most stable month, with a tight range of 0.0001 MAD (High: 0.0060 / Low: 0.0059).

February Spread (Volatile) ±0.0049

November Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0033 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0109) against the same month in 2023 (average: 0.0225), the exchange rate shifted by -0.0116 (-51.47%).

2024 Avg (January) 0.0109

2023 Avg (January) 0.0225

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0116	0.0104	0.0109
February	0.0111	0.0063	0.0077
March	0.0073	0.0062	0.0066
April	0.0085	0.0071	0.0079
May	0.0082	0.0066	0.0071
June	0.0071	0.0065	0.0067
July	0.0070	0.0059	0.0065
August	0.0062	0.0060	0.0061
September	0.0062	0.0058	0.0060
October	0.0061	0.0058	0.0060
November	0.0060	0.0059	0.0059
December	0.0065	0.0059	0.0064