2023 BMD to MAD Historical Review

YEARLY HIGH

10.5165 MAD

YEARLY LOW

9.6073 MAD

YEARLY AVERAGE

10.1243 MAD

2023 BMD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 10.5165. Conversely, the yearly low was recorded on July 16, dropping to 9.6073.

This high-to-low spread represents a total annual volatility of 0.9092 MAD. From a start-to-finish perspective, comparing the January average rate of 10.2327 to the December average rate of 10.0413, the exchange rate registered a net change of -1.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.5165 was down 5.31% compared to the 2022 peak of 11.1065, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 52,583 MAD

2022 Average 50,798 MAD

Yearly Trough Low 48,037 MAD

Transaction Impact: A difference of 4,545.96 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.3871

9.6789

JanuMarcMayJulySeptNove

BMD 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 10.1912, compared to 10.0575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1337 points.

H1 Avg (Jan–Jun) 10.1912

H2 Avg (Jul–Dec) 10.0575

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.5118 MAD (High: 10.1735 / Low: 9.6617). On the other end, September was the most stable month, with a tight range of 0.1701 MAD (High: 10.3238 / Low: 10.1536).

August Spread (Volatile) ±0.5118

September Spread (Stable) ±0.1701

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 June and July, when the average rate fell by 0.3111 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 10.2327) against the same month in 2022 (average: 9.2902), the exchange rate shifted by +0.9426 (+10.15%).

2023 Avg (January) 10.2327

2022 Avg (January) 9.2902

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.5165	10.0556	10.2327
February	10.4206	10.1403	10.3010
March	10.4622	10.2075	10.3281
April	10.2267	9.9038	10.1292
May	10.2411	9.9698	10.1069
June	10.2018	9.8970	10.0490
July	9.8970	9.6073	9.7379
August	10.1735	9.6617	9.9011
September	10.3238	10.1536	10.2319
October	10.3674	10.1884	10.2729
November	10.2991	10.0396	10.1599
December	10.1865	9.8440	10.0413