2023 FKP to MAD Historical Review

YEARLY HIGH

12.9239 MAD

YEARLY LOW

12.2434 MAD

YEARLY AVERAGE

12.5869 MAD

2023 FKP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 12.9239. Conversely, the yearly low was recorded on February 3, dropping to 12.2434.

This high-to-low spread represents a total annual volatility of 0.6805 MAD. From a start-to-finish perspective, comparing the January average rate of 12.5279 to the December average rate of 12.7180, the exchange rate registered a net change of 1.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.9239 was down 1.13% compared to the 2022 peak of 13.0722, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,619 MAD

2022 Average 62,639 MAD

Yearly Trough Low 61,217 MAD

Transaction Impact: A difference of 3,402.41 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.7471

12.3980

JanuMarcMayJulySeptNove

FKP 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 12.5677, compared to 12.6060 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0383 points.

H1 Avg (Jan–Jun) 12.5677

H2 Avg (Jul–Dec) 12.6060

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.5350 MAD (High: 12.8518 / Low: 12.3168). On the other end, May was the most stable month, with a tight range of 0.2927 MAD (High: 12.7146 / Low: 12.4219).

August Spread (Volatile) ±0.5350

May Spread (Stable) ±0.2927

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1716 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1716

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 12.7180) against the same month in 2022 (average: 12.8028), the exchange rate shifted by -0.0848 (-0.66%).

2023 Avg (December) 12.7180

2022 Avg (December) 12.8028

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.6553	12.2984	12.5279
February	12.6030	12.2434	12.4271
March	12.7123	12.3196	12.5364
April	12.7800	12.4535	12.6065
May	12.7146	12.4219	12.6098
June	12.8784	12.5320	12.6987
July	12.7378	12.3671	12.5411
August	12.8518	12.3168	12.5751
September	12.8681	12.4664	12.6741
October	12.7000	12.3779	12.5026
November	12.7671	12.4716	12.6254
December	12.9239	12.5466	12.7180