2024 NPR to MAD Historical Review

YEARLY HIGH

0.0764 MAD

YEARLY LOW

0.0713 MAD

YEARLY AVERAGE

0.0743 MAD

2024 NPR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NPR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 0.0764. Conversely, the yearly low was recorded on August 24, dropping to 0.0713.

This high-to-low spread represents a total annual volatility of 0.0052 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0748 to the December average rate of 0.0737, the exchange rate registered a net change of -1.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0764 was down 4.27% compared to the 2023 peak of 0.0798, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 382 MAD

2023 Average 383 MAD

Yearly Trough Low 356 MAD

Transaction Impact: A difference of 25.79 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0760

0.0722

JanuMarcMayJulySeptNove

NPR 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 0.0752, compared to 0.0733 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0752

H2 Avg (Jul–Dec) 0.0733

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0030 MAD (High: 0.0742 / Low: 0.0713). On the other end, March was the most stable month, with a tight range of 0.0007 MAD (High: 0.0760 / Low: 0.0753).

August Spread (Volatile) ±0.0030

March Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between September and November, 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 July and August, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0757) against the same month in 2023 (average: 0.0779), the exchange rate shifted by -0.0022 (-2.85%).

2024 Avg (February) 0.0757

2023 Avg (February) 0.0779

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0755	0.0738	0.0748
February	0.0764	0.0752	0.0757
March	0.0760	0.0753	0.0757
April	0.0761	0.0752	0.0757
May	0.0755	0.0743	0.0749
June	0.0752	0.0739	0.0745
July	0.0747	0.0732	0.0737
August	0.0742	0.0713	0.0727
September	0.0730	0.0722	0.0725
October	0.0739	0.0726	0.0732
November	0.0745	0.0729	0.0738
December	0.0742	0.0734	0.0737