2024 ZAR to MAD Historical Review

YEARLY HIGH

0.5708 MAD

YEARLY LOW

0.5177 MAD

YEARLY AVERAGE

0.5424 MAD

2024 ZAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 0.5708. Conversely, the yearly low was recorded on January 22, dropping to 0.5177.

This high-to-low spread represents a total annual volatility of 0.0531 MAD. From a start-to-finish perspective, comparing the January average rate of 0.5308 to the December average rate of 0.5492, the exchange rate registered a net change of 3.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5708 was down 7.73% compared to the 2023 peak of 0.6186, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 28,540 MAD

2023 Average 27,461 MAD

Yearly Trough Low 25,886 MAD

Transaction Impact: A difference of 2,654.04 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5637

0.5256

JanuMarcMayJulySeptNove

ZAR 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 0.5351, compared to 0.5496 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0145 points.

H1 Avg (Jan–Jun) 0.5351

H2 Avg (Jul–Dec) 0.5496

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0357 MAD (High: 0.5564 / Low: 0.5207). On the other end, October was the most stable month, with a tight range of 0.0087 MAD (High: 0.5649 / Low: 0.5562).

June Spread (Volatile) ±0.0357

October Spread (Stable) ±0.0087

Growth Streaks & Declines

Trends

Between February and May, 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 October and November, when the average rate fell by 0.0061 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.5544) against the same month in 2023 (average: 0.5482), the exchange rate shifted by +0.0062 (+1.13%).

2024 Avg (November) 0.5544

2023 Avg (November) 0.5482

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5445	0.5177	0.5308
February	0.5385	0.5197	0.5288
March	0.5396	0.5263	0.5332
April	0.5436	0.5239	0.5345
May	0.5486	0.5298	0.5426
June	0.5564	0.5207	0.5409
July	0.5466	0.5352	0.5409
August	0.5495	0.5260	0.5400
September	0.5670	0.5432	0.5529
October	0.5649	0.5562	0.5605
November	0.5708	0.5454	0.5544
December	0.5625	0.5341	0.5492