2024 SAR to MAD Historical Review

YEARLY HIGH

2.7102 MAD

YEARLY LOW

2.5501 MAD

YEARLY AVERAGE

2.6487 MAD

2024 SAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 2.7102. Conversely, the yearly low was recorded on August 24, dropping to 2.5501.

This high-to-low spread represents a total annual volatility of 0.1601 MAD. From a start-to-finish perspective, comparing the January average rate of 2.6536 to the December average rate of 2.6664, the exchange rate registered a net change of 0.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.7102 was down 3.11% compared to the 2023 peak of 2.7972, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,551 MAD

2023 Average 13,491 MAD

Yearly Trough Low 12,750 MAD

Transaction Impact: A difference of 800.68 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.7011

2.5823

JanuMarcMayJulySeptNove

SAR 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 2.6708, compared to 2.6266 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0442 points.

H1 Avg (Jan–Jun) 2.6708

H2 Avg (Jul–Dec) 2.6266

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0982 MAD (High: 2.6483 / Low: 2.5501). On the other end, February was the most stable month, with a tight range of 0.0295 MAD (High: 2.6974 / Low: 2.6679).

August Spread (Volatile) ±0.0982

February Spread (Stable) ±0.0295

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 July and August, when the average rate fell by 0.0291 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0291

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.6912) against the same month in 2023 (average: 2.7003), the exchange rate shifted by -0.0091 (-0.34%).

2024 Avg (April) 2.6912

2023 Avg (April) 2.7003

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6719	2.6264	2.6536
February	2.6974	2.6679	2.6819
March	2.7026	2.6594	2.6809
April	2.7102	2.6653	2.6912
May	2.6959	2.6411	2.6636
June	2.6764	2.6332	2.6536
July	2.6592	2.6091	2.6284
August	2.6483	2.5501	2.5993
September	2.6120	2.5763	2.5922
October	2.6450	2.5988	2.6227
November	2.6832	2.6128	2.6506
December	2.6899	2.6478	2.6664