2023 CNY to MAD Historical Review

YEARLY HIGH

1.5208 MAD

YEARLY LOW

1.3435 MAD

YEARLY AVERAGE

1.4326 MAD

2023 CNY to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 1.5208. Conversely, the yearly low was recorded on August 8, dropping to 1.3435.

This high-to-low spread represents a total annual volatility of 0.1773 MAD. From a start-to-finish perspective, comparing the January average rate of 1.5066 to the December average rate of 1.4106, the exchange rate registered a net change of -6.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5208 was down 3.71% compared to the 2022 peak of 1.5794, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 38,020 MAD

2022 Average 37,730 MAD

Yearly Trough Low 33,587 MAD

Transaction Impact: A difference of 4,433.17 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.5218

1.3398

JanuMarcMayJulySeptNove

CNY 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 1.4720, compared to 1.3931 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0789 points.

H1 Avg (Jan–Jun) 1.4720

H2 Avg (Jul–Dec) 1.3931

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0746 MAD (High: 1.4390 / Low: 1.3644). On the other end, February was the most stable month, with a tight range of 0.0178 MAD (High: 1.5140 / Low: 1.4962).

June Spread (Volatile) ±0.0746

February Spread (Stable) ±0.0178

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 0.0497 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0497

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.5066) against the same month in 2022 (average: 1.4618), the exchange rate shifted by +0.0448 (+3.07%).

2023 Avg (January) 1.5066

2022 Avg (January) 1.4618

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5208	1.4947	1.5066
February	1.5140	1.4962	1.5052
March	1.5184	1.4827	1.4984
April	1.4885	1.4328	1.4709
May	1.4566	1.4292	1.4462
June	1.4390	1.3644	1.4047
July	1.3874	1.3453	1.3550
August	1.3974	1.3435	1.3676
September	1.4143	1.3836	1.4030
October	1.4400	1.3975	1.4122
November	1.4277	1.3973	1.4102
December	1.4331	1.3784	1.4106