2023 CVE to MAD Historical Review

YEARLY HIGH

0.1018 MAD

YEARLY LOW

0.0956 MAD

YEARLY AVERAGE

0.0992 MAD

2023 CVE to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 0.1018. Conversely, the yearly low was recorded on July 8, dropping to 0.0956.

This high-to-low spread represents a total annual volatility of 0.0062 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0998 to the December average rate of 0.0993, the exchange rate registered a net change of -0.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1018 was up 0.63% compared to the 2022 peak of 0.1012, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 509 MAD

2022 Average 483 MAD

Yearly Trough Low 478 MAD

Transaction Impact: A difference of 30.97 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1009

0.0972

JanuMarcMayJulySeptNove

CVE 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 0.0997, compared to 0.0986 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0997

H2 Avg (Jul–Dec) 0.0986

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0037 MAD (High: 0.0994 / Low: 0.0956). On the other end, March was the most stable month, with a tight range of 0.0014 MAD (High: 0.1010 / Low: 0.0996).

July Spread (Volatile) ±0.0037

March Spread (Stable) ±0.0014

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 April and May, when the average rate fell by 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.1006) against the same month in 2022 (average: 0.0962), the exchange rate shifted by +0.0043 (+4.51%).

2023 Avg (April) 0.1006

2022 Avg (April) 0.0962

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1018	0.0986	0.0998
February	0.1007	0.0991	0.0999
March	0.1010	0.0996	0.1002
April	0.1018	0.0986	0.1006
May	0.1002	0.0985	0.0994
June	0.0991	0.0965	0.0985
July	0.0994	0.0956	0.0976
August	0.1000	0.0963	0.0979
September	0.1005	0.0982	0.0991
October	0.0995	0.0969	0.0983
November	0.1003	0.0972	0.0994
December	0.1004	0.0979	0.0993