2023 INR to MAD Historical Review

YEARLY HIGH

0.1276 MAD

YEARLY LOW

0.1169 MAD

YEARLY AVERAGE

0.1226 MAD

2023 INR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 9, valuing the pair at 0.1276. Conversely, the yearly low was recorded on August 5, dropping to 0.1169.

This high-to-low spread represents a total annual volatility of 0.0107 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1252 to the December average rate of 0.1206, the exchange rate registered a net change of -3.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1276 was down 6.48% compared to the 2022 peak of 0.1364, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 31,890 MAD

2022 Average 32,297 MAD

Yearly Trough Low 29,215 MAD

Transaction Impact: A difference of 2,674.32 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1263

0.1178

JanuMarcMayJulySeptNove

INR 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 0.1240, compared to 0.1212 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.1240

H2 Avg (Jul–Dec) 0.1212

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0062 MAD (High: 0.1230 / Low: 0.1169). On the other end, October was the most stable month, with a tight range of 0.0019 MAD (High: 0.1245 / Low: 0.1226).

August Spread (Volatile) ±0.0062

October Spread (Stable) ±0.0019

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 0.0038 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1256) against the same month in 2022 (average: 0.1277), the exchange rate shifted by -0.0021 (-1.63%).

2023 Avg (March) 0.1256

2022 Avg (March) 0.1277

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1270	0.1237	0.1252
February	0.1258	0.1232	0.1247
March	0.1276	0.1237	0.1256
April	0.1245	0.1212	0.1236
May	0.1239	0.1213	0.1228
June	0.1237	0.1206	0.1223
July	0.1206	0.1170	0.1185
August	0.1230	0.1169	0.1195
September	0.1241	0.1221	0.1232
October	0.1245	0.1226	0.1234
November	0.1237	0.1204	0.1220
December	0.1223	0.1182	0.1206