2024 PEN to MAD Historical Review

YEARLY HIGH

2.7500 MAD

YEARLY LOW

2.5533 MAD

YEARLY AVERAGE

2.6484 MAD

2024 PEN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 22, valuing the pair at 2.7500. Conversely, the yearly low was recorded on September 10, dropping to 2.5533.

This high-to-low spread represents a total annual volatility of 0.1967 MAD. From a start-to-finish perspective, comparing the January average rate of 2.6673 to the December average rate of 2.6842, the exchange rate registered a net change of 0.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.7500 was down 1.43% compared to the 2023 peak of 2.7898, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,750 MAD

2023 Average 13,536 MAD

Yearly Trough Low 12,766 MAD

Transaction Impact: A difference of 983.45 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.7303

2.5669

JanuMarcMayJulySeptNove

PEN 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 2.6710, compared to 2.6257 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0453 points.

H1 Avg (Jan–Jun) 2.6710

H2 Avg (Jul–Dec) 2.6257

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0884 MAD (High: 2.6587 / Low: 2.5703). On the other end, October was the most stable month, with a tight range of 0.0281 MAD (High: 2.6392 / Low: 2.6111).

August Spread (Volatile) ±0.0884

October Spread (Stable) ±0.0281

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 May and June, when the average rate fell by 0.0461 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0461

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.7167) against the same month in 2023 (average: 2.6961), the exchange rate shifted by +0.0206 (+0.77%).

2024 Avg (April) 2.7167

2023 Avg (April) 2.6961

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6990	2.6262	2.6673
February	2.6758	2.5947	2.6271
March	2.7373	2.6629	2.7066
April	2.7500	2.6889	2.7167
May	2.7162	2.6504	2.6774
June	2.6732	2.5920	2.6313
July	2.6602	2.5947	2.6196
August	2.6587	2.5703	2.6114
September	2.6152	2.5533	2.5805
October	2.6392	2.6111	2.6258
November	2.6711	2.6028	2.6330
December	2.7081	2.6590	2.6842