2023 BIF to MAD Historical Review

YEARLY HIGH

0.0051 MAD

YEARLY LOW

0.0034 MAD

YEARLY AVERAGE

0.0041 MAD

2023 BIF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0051. Conversely, the yearly low was recorded on July 14, dropping to 0.0034.

This high-to-low spread represents a total annual volatility of 0.0017 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0049 to the December average rate of 0.0035, the exchange rate registered a net change of -28.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0051 was down 5.68% compared to the 2022 peak of 0.0054, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 25 MAD

2022 Average 25 MAD

Yearly Trough Low 17 MAD

Transaction Impact: A difference of 8.44 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0051

0.0033

JanuMarcMayJulySeptNove

BIF 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 0.0046, compared to 0.0035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0046

H2 Avg (Jul–Dec) 0.0035

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0013 MAD (High: 0.0049 / Low: 0.0036). On the other end, September was the most stable month, with a tight range of 0.0001 MAD (High: 0.0036 / Low: 0.0036).

May Spread (Volatile) ±0.0013

September Spread (Stable) ±0.0001

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 0.0008 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0049) against the same month in 2022 (average: 0.0046), the exchange rate shifted by +0.0003 (+6.59%).

2023 Avg (January) 0.0049

2022 Avg (January) 0.0046

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0051	0.0049	0.0049
February	0.0050	0.0049	0.0050
March	0.0050	0.0049	0.0050
April	0.0049	0.0048	0.0049
May	0.0049	0.0036	0.0043
June	0.0036	0.0035	0.0036
July	0.0035	0.0034	0.0034
August	0.0036	0.0034	0.0035
September	0.0036	0.0036	0.0036
October	0.0037	0.0036	0.0036
November	0.0036	0.0035	0.0036
December	0.0036	0.0035	0.0035