2024 PKR to MAD Historical Review

YEARLY HIGH

0.0365 MAD

YEARLY LOW

0.0343 MAD

YEARLY AVERAGE

0.0357 MAD

2024 PKR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PKR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 17, valuing the pair at 0.0365. Conversely, the yearly low was recorded on August 24, dropping to 0.0343.

This high-to-low spread represents a total annual volatility of 0.0022 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0356 to the December average rate of 0.0360, the exchange rate registered a net change of 1.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0365 was down 21.17% compared to the 2023 peak of 0.0463, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 18,267 MAD

2023 Average 18,188 MAD

Yearly Trough Low 17,170 MAD

Transaction Impact: A difference of 1,096.41 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0364

0.0348

JanuMarcMayJulySeptNove

PKR 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 0.0359, compared to 0.0354 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0359

H2 Avg (Jul–Dec) 0.0354

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0013 MAD (High: 0.0357 / Low: 0.0343). On the other end, September was the most stable month, with a tight range of 0.0004 MAD (High: 0.0352 / Low: 0.0348).

August Spread (Volatile) ±0.0013

September Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0363) against the same month in 2023 (average: 0.0357), the exchange rate shifted by +0.0006 (+1.65%).

2024 Avg (April) 0.0363

2023 Avg (April) 0.0357

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0361	0.0351	0.0356
February	0.0364	0.0358	0.0360
March	0.0365	0.0358	0.0361
April	0.0365	0.0360	0.0363
May	0.0363	0.0356	0.0359
June	0.0361	0.0355	0.0357
July	0.0358	0.0352	0.0354
August	0.0357	0.0343	0.0350
September	0.0352	0.0348	0.0350
October	0.0358	0.0351	0.0354
November	0.0363	0.0353	0.0358
December	0.0363	0.0358	0.0360