2023 CHF to MAD Historical Review

YEARLY HIGH

11.7933 MAD

YEARLY LOW

10.8438 MAD

YEARLY AVERAGE

11.2686 MAD

2023 CHF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CHF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 11.7933. Conversely, the yearly low was recorded on January 14, dropping to 10.8438.

This high-to-low spread represents a total annual volatility of 0.9496 MAD. From a start-to-finish perspective, comparing the January average rate of 11.0740 to the December average rate of 11.6247, the exchange rate registered a net change of 4.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.7933 was up 2.79% compared to the 2022 peak of 11.4736, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 58,967 MAD

2022 Average 53,194 MAD

Yearly Trough Low 54,219 MAD

Transaction Impact: A difference of 4,747.96 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.6797

11.0190

JanuMarcMayJulySeptNove

CHF 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 11.1730, compared to 11.3642 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1912 points.

H1 Avg (Jan–Jun) 11.1730

H2 Avg (Jul–Dec) 11.3642

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.4975 MAD (High: 11.3620 / Low: 10.8645). On the other end, November was the most stable month, with a tight range of 0.2077 MAD (High: 11.5085 / Low: 11.3008).

July Spread (Volatile) ±0.4975

November Spread (Stable) ±0.2077

Growth Streaks & Declines

Trends

Between January and April, 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 0.0888 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0888

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 11.6247) against the same month in 2022 (average: 11.2811), the exchange rate shifted by +0.3436 (+3.05%).

2023 Avg (December) 11.6247

2022 Avg (December) 11.2811

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.3037	10.8438	11.0740
February	11.2142	10.9678	11.1163
March	11.3897	11.0149	11.1624
April	11.3853	11.0727	11.2691
May	11.3829	11.1039	11.2524
June	11.3062	11.0396	11.1636
July	11.3620	10.8645	11.1391
August	11.5350	11.0633	11.2683
September	11.5404	11.2065	11.3816
October	11.5875	11.1961	11.3700
November	11.5085	11.3008	11.4014
December	11.7933	11.4928	11.6247