2023 HTG to MAD Historical Review

YEARLY HIGH

0.0776 MAD

YEARLY LOW

0.0643 MAD

YEARLY AVERAGE

0.0717 MAD

2023 HTG to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HTG to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 1, valuing the pair at 0.0776. Conversely, the yearly low was recorded on April 29, dropping to 0.0643.

This high-to-low spread represents a total annual volatility of 0.0133 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0689 to the December average rate of 0.0759, the exchange rate registered a net change of 10.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0776 was down 17.88% compared to the 2022 peak of 0.0946, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 388 MAD

2022 Average 435 MAD

Yearly Trough Low 322 MAD

Transaction Impact: A difference of 66.64 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0778

0.0642

JanuMarcMayJulySeptNove

HTG 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 0.0686, compared to 0.0747 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0061 points.

H1 Avg (Jan–Jun) 0.0686

H2 Avg (Jul–Dec) 0.0747

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0080 MAD (High: 0.0728 / Low: 0.0648). On the other end, September was the most stable month, with a tight range of 0.0017 MAD (High: 0.0765 / Low: 0.0748).

May Spread (Volatile) ±0.0080

September Spread (Stable) ±0.0017

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 March and April, when the average rate fell by 0.0019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0767) against the same month in 2022 (average: 0.0798), the exchange rate shifted by -0.0031 (-3.94%).

2023 Avg (November) 0.0767

2022 Avg (November) 0.0798

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0711	0.0679	0.0689
February	0.0698	0.0676	0.0686
March	0.0688	0.0658	0.0673
April	0.0661	0.0643	0.0653
May	0.0728	0.0648	0.0696
June	0.0733	0.0714	0.0722
July	0.0716	0.0693	0.0707
August	0.0751	0.0708	0.0727
September	0.0765	0.0748	0.0756
October	0.0776	0.0753	0.0767
November	0.0776	0.0758	0.0767
December	0.0770	0.0746	0.0759