2024 TRY to MAD Historical Review

YEARLY HIGH

0.3359 MAD

YEARLY LOW

0.2817 MAD

YEARLY AVERAGE

0.3029 MAD

2024 TRY to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3359. Conversely, the yearly low was recorded on August 25, dropping to 0.2817.

This high-to-low spread represents a total annual volatility of 0.0542 MAD. From a start-to-finish perspective, comparing the January average rate of 0.3307 to the December average rate of 0.2862, the exchange rate registered a net change of -13.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3359 was down 40.16% compared to the 2023 peak of 0.5614, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 16,795 MAD

2023 Average 21,960 MAD

Yearly Trough Low 14,083 MAD

Transaction Impact: A difference of 2,711.41 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3352

0.2810

JanuMarcMayJulySeptNove

TRY 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 0.3163, compared to 0.2895 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0268 points.

H1 Avg (Jan–Jun) 0.3163

H2 Avg (Jul–Dec) 0.2895

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0179 MAD (High: 0.2996 / Low: 0.2817). On the other end, December was the most stable month, with a tight range of 0.0030 MAD (High: 0.2878 / Low: 0.2848).

August Spread (Volatile) ±0.0179

December Spread (Stable) ±0.0030

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 February and March, when the average rate fell by 0.0129 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0129

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3307) against the same month in 2023 (average: 0.5449), the exchange rate shifted by -0.2141 (-39.30%).

2024 Avg (January) 0.3307

2023 Avg (January) 0.5449

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3359	0.3252	0.3307
February	0.3298	0.3227	0.3265
March	0.3211	0.3099	0.3136
April	0.3157	0.3095	0.3119
May	0.3114	0.3072	0.3096
June	0.3098	0.3016	0.3053
July	0.3064	0.2958	0.2995
August	0.2996	0.2817	0.2894
September	0.2890	0.2829	0.2855
October	0.2902	0.2849	0.2875
November	0.2916	0.2858	0.2888
December	0.2878	0.2848	0.2862