2023 AOA to MAD Historical Review

YEARLY HIGH

0.0209 MAD

YEARLY LOW

0.0117 MAD

YEARLY AVERAGE

0.0156 MAD

2023 AOA to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AOA to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0209. Conversely, the yearly low was recorded on July 16, dropping to 0.0117.

This high-to-low spread represents a total annual volatility of 0.0092 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0203 to the December average rate of 0.0121, the exchange rate registered a net change of -40.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0209 was down 18.61% compared to the 2022 peak of 0.0257, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 104 MAD

2022 Average 111 MAD

Yearly Trough Low 58 MAD

Transaction Impact: A difference of 46.09 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0213

0.0109

JanuMarcMayJulySeptNove

AOA 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 0.0191, compared to 0.0121 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0070 points.

H1 Avg (Jan–Jun) 0.0191

H2 Avg (Jul–Dec) 0.0121

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0053 MAD (High: 0.0173 / Low: 0.0120). On the other end, September was the most stable month, with a tight range of 0.0002 MAD (High: 0.0125 / Low: 0.0123).

June Spread (Volatile) ±0.0053

September Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between July and October, 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 May and June, when the average rate fell by 0.0046 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0203) against the same month in 2022 (average: 0.0173), the exchange rate shifted by +0.0030 (+17.52%).

2023 Avg (January) 0.0203

2022 Avg (January) 0.0173

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0209	0.0200	0.0203
February	0.0207	0.0201	0.0204
March	0.0207	0.0201	0.0204
April	0.0202	0.0194	0.0200
May	0.0198	0.0174	0.0191
June	0.0173	0.0120	0.0145
July	0.0120	0.0117	0.0118
August	0.0123	0.0117	0.0120
September	0.0125	0.0123	0.0124
October	0.0126	0.0123	0.0124
November	0.0124	0.0121	0.0122
December	0.0123	0.0118	0.0121