2024 PHP to MAD Historical Review

YEARLY HIGH

0.1813 MAD

YEARLY LOW

0.1675 MAD

YEARLY AVERAGE

0.1735 MAD

2024 PHP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 11, valuing the pair at 0.1813. Conversely, the yearly low was recorded on July 13, dropping to 0.1675.

This high-to-low spread represents a total annual volatility of 0.0138 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1778 to the December average rate of 0.1714, the exchange rate registered a net change of -3.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1813 was down 5.13% compared to the 2023 peak of 0.1911, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 45,332 MAD

2023 Average 45,509 MAD

Yearly Trough Low 41,884 MAD

Transaction Impact: A difference of 3,448.11 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1810

0.1675

JanuMarcMayJulySeptNove

PHP 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 0.1761, compared to 0.1710 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.1761

H2 Avg (Jul–Dec) 0.1710

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0065 MAD (High: 0.1763 / Low: 0.1698). On the other end, February was the most stable month, with a tight range of 0.0018 MAD (High: 0.1804 / Low: 0.1787).

May Spread (Volatile) ±0.0065

February Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between January and March, 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 April and May, when the average rate fell by 0.0041 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.1798) against the same month in 2023 (average: 0.1887), the exchange rate shifted by -0.0089 (-4.70%).

2024 Avg (March) 0.1798

2023 Avg (March) 0.1887

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1792	0.1747	0.1778
February	0.1804	0.1787	0.1795
March	0.1813	0.1783	0.1798
April	0.1793	0.1749	0.1770
May	0.1763	0.1698	0.1729
June	0.1711	0.1685	0.1696
July	0.1699	0.1675	0.1686
August	0.1737	0.1692	0.1712
September	0.1750	0.1723	0.1736
October	0.1744	0.1689	0.1714
November	0.1709	0.1679	0.1696
December	0.1745	0.1680	0.1714