2024 NOK to MAD Historical Review

YEARLY HIGH

0.9746 MAD

YEARLY LOW

0.8768 MAD

YEARLY AVERAGE

0.9246 MAD

2024 NOK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.9746. Conversely, the yearly low was recorded on December 18, dropping to 0.8768.

This high-to-low spread represents a total annual volatility of 0.0978 MAD. From a start-to-finish perspective, comparing the January average rate of 0.9570 to the December average rate of 0.8919, the exchange rate registered a net change of -6.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9746 was down 8.68% compared to the 2023 peak of 1.0672, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,873 MAD

2023 Average 4,797 MAD

Yearly Trough Low 4,384 MAD

Transaction Impact: A difference of 488.96 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9635

0.8854

JanuMarcMayJulySeptNove

NOK 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 0.9418, compared to 0.9075 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0343 points.

H1 Avg (Jan–Jun) 0.9418

H2 Avg (Jul–Dec) 0.9075

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0515 MAD (High: 0.9433 / Low: 0.8918). On the other end, February was the most stable month, with a tight range of 0.0214 MAD (High: 0.9631 / Low: 0.9417).

July Spread (Volatile) ±0.0515

February Spread (Stable) ±0.0214

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0243 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0243

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.9570) against the same month in 2023 (average: 1.0310), the exchange rate shifted by -0.0740 (-7.18%).

2024 Avg (January) 0.9570

2023 Avg (January) 1.0310

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9746	0.9377	0.9570
February	0.9631	0.9417	0.9533
March	0.9628	0.9295	0.9472
April	0.9413	0.9099	0.9254
May	0.9476	0.9164	0.9302
June	0.9541	0.9258	0.9377
July	0.9433	0.8918	0.9134
August	0.9250	0.8930	0.9117
September	0.9318	0.8979	0.9169
October	0.9228	0.8947	0.9099
November	0.9131	0.8872	0.9010
December	0.9036	0.8768	0.8919