2023 DJF to MAD Historical Review

YEARLY HIGH

0.0592 MAD

YEARLY LOW

0.0541 MAD

YEARLY AVERAGE

0.0569 MAD

2023 DJF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DJF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0592. Conversely, the yearly low was recorded on July 15, dropping to 0.0541.

This high-to-low spread represents a total annual volatility of 0.0051 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0576 to the December average rate of 0.0564, the exchange rate registered a net change of -2.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0592 was down 4.99% compared to the 2022 peak of 0.0623, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 296 MAD

2022 Average 285 MAD

Yearly Trough Low 270 MAD

Transaction Impact: A difference of 25.34 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0585

0.0545

JanuMarcMayJulySeptNove

DJF 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 0.0573, compared to 0.0565 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0573

H2 Avg (Jul–Dec) 0.0565

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0027 MAD (High: 0.0572 / Low: 0.0545). On the other end, October was the most stable month, with a tight range of 0.0010 MAD (High: 0.0583 / Low: 0.0573).

August Spread (Volatile) ±0.0027

October Spread (Stable) ±0.0010

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 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0576) against the same month in 2022 (average: 0.0522), the exchange rate shifted by +0.0053 (+10.21%).

2023 Avg (January) 0.0576

2022 Avg (January) 0.0522

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0592	0.0567	0.0576
February	0.0586	0.0570	0.0579
March	0.0588	0.0574	0.0581
April	0.0575	0.0564	0.0570
May	0.0575	0.0561	0.0568
June	0.0573	0.0557	0.0565
July	0.0557	0.0541	0.0548
August	0.0572	0.0545	0.0557
September	0.0580	0.0570	0.0575
October	0.0583	0.0573	0.0578
November	0.0578	0.0562	0.0572
December	0.0573	0.0553	0.0564