2023 GMD to MAD Historical Review

YEARLY HIGH

0.1720 MAD

YEARLY LOW

0.1461 MAD

YEARLY AVERAGE

0.1628 MAD

2023 GMD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.1720. Conversely, the yearly low was recorded on December 27, dropping to 0.1461.

This high-to-low spread represents a total annual volatility of 0.0259 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1650 to the December average rate of 0.1491, the exchange rate registered a net change of -9.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1720 was down 14.26% compared to the 2022 peak of 0.2006, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 860 MAD

2022 Average 918 MAD

Yearly Trough Low 731 MAD

Transaction Impact: A difference of 129.34 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1711

0.1471

JanuMarcMayJulySeptNove

GMD 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 0.1673, compared to 0.1583 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0090 points.

H1 Avg (Jan–Jun) 0.1673

H2 Avg (Jul–Dec) 0.1583

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0124 MAD (High: 0.1696 / Low: 0.1573). On the other end, October was the most stable month, with a tight range of 0.0045 MAD (High: 0.1597 / Low: 0.1553).

September Spread (Volatile) ±0.0124

October Spread (Stable) ±0.0045

Growth Streaks & Declines

Trends

Between July and September, 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 September and October, when the average rate fell by 0.0091 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0091

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1691) against the same month in 2022 (average: 0.1854), the exchange rate shifted by -0.0163 (-8.79%).

2023 Avg (May) 0.1691

2022 Avg (May) 0.1854

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1696	0.1618	0.1650
February	0.1705	0.1652	0.1686
March	0.1711	0.1642	0.1683
April	0.1678	0.1620	0.1638
May	0.1720	0.1660	0.1691
June	0.1716	0.1662	0.1689
July	0.1662	0.1611	0.1633
August	0.1673	0.1600	0.1634
September	0.1696	0.1573	0.1656
October	0.1597	0.1553	0.1566
November	0.1583	0.1492	0.1519
December	0.1513	0.1461	0.1491