2023 EUR to MAD Historical Review

YEARLY HIGH

11.2551 MAD

YEARLY LOW

10.5982 MAD

YEARLY AVERAGE

10.9551 MAD

2023 EUR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 11.2551. Conversely, the yearly low was recorded on July 5, dropping to 10.5982.

This high-to-low spread represents a total annual volatility of 0.6569 MAD. From a start-to-finish perspective, comparing the January average rate of 11.0379 to the December average rate of 10.9676, the exchange rate registered a net change of -0.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.2551 was up 0.34% compared to the 2022 peak of 11.2168, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 56,275 MAD

2022 Average 53,410 MAD

Yearly Trough Low 52,991 MAD

Transaction Impact: A difference of 3,284.34 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.1669

10.7320

JanuMarcMayJulySeptNove

EUR 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 11.0251, compared to 10.8851 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1400 points.

H1 Avg (Jan–Jun) 11.0251

H2 Avg (Jul–Dec) 10.8851

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.4226 MAD (High: 11.0483 / Low: 10.6256). On the other end, November was the most stable month, with a tight range of 0.2165 MAD (High: 11.0963 / Low: 10.8798).

August Spread (Volatile) ±0.4226

November Spread (Stable) ±0.2165

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1351 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1351

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 11.1307) against the same month in 2022 (average: 10.6185), the exchange rate shifted by +0.5122 (+4.82%).

2023 Avg (April) 11.1307

2022 Avg (April) 10.6185

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.1830	10.8890	11.0379
February	11.2042	10.9442	11.0240
March	11.2077	10.9065	11.0661
April	11.2551	10.9391	11.1307
May	11.2017	10.8484	10.9956
June	11.0255	10.7978	10.8966
July	10.9326	10.5982	10.7682
August	11.0483	10.6256	10.8015
September	11.0276	10.7984	10.9260
October	11.0176	10.7317	10.8541
November	11.0963	10.8798	10.9933
December	11.1249	10.8803	10.9676