2023 BWP to MAD Historical Review

YEARLY HIGH

0.8208 MAD

YEARLY LOW

0.7185 MAD

YEARLY AVERAGE

0.7585 MAD

2023 BWP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.8208. Conversely, the yearly low was recorded on August 9, dropping to 0.7185.

This high-to-low spread represents a total annual volatility of 0.1023 MAD. From a start-to-finish perspective, comparing the January average rate of 0.8011 to the December average rate of 0.7435, the exchange rate registered a net change of -7.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8208 was down 3.96% compared to the 2022 peak of 0.8547, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,104 MAD

2022 Average 4,107 MAD

Yearly Trough Low 3,593 MAD

Transaction Impact: A difference of 511.40 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8078

0.7271

JanuMarcMayJulySeptNove

BWP 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 0.7733, compared to 0.7437 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0295 points.

H1 Avg (Jan–Jun) 0.7733

H2 Avg (Jul–Dec) 0.7437

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0381 MAD (High: 0.7859 / Low: 0.7478). On the other end, October was the most stable month, with a tight range of 0.0145 MAD (High: 0.7545 / Low: 0.7399).

April Spread (Volatile) ±0.0381

October Spread (Stable) ±0.0145

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0214 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0214

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8011) against the same month in 2022 (average: 0.8003), the exchange rate shifted by +0.0007 (+0.09%).

2023 Avg (January) 0.8011

2022 Avg (January) 0.8003

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8208	0.7923	0.8011
February	0.7991	0.7804	0.7873
March	0.7886	0.7725	0.7813
April	0.7859	0.7478	0.7718
May	0.7606	0.7372	0.7504
June	0.7559	0.7336	0.7476
July	0.7527	0.7207	0.7356
August	0.7535	0.7185	0.7338
September	0.7574	0.7399	0.7498
October	0.7545	0.7399	0.7479
November	0.7616	0.7409	0.7517
December	0.7574	0.7334	0.7435