2023 ISK to MAD Historical Review

YEARLY HIGH

0.0776 MAD

YEARLY LOW

0.0705 MAD

YEARLY AVERAGE

0.0734 MAD

2023 ISK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.0776. Conversely, the yearly low was recorded on January 25, dropping to 0.0705.

This high-to-low spread represents a total annual volatility of 0.0071 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0716 to the December average rate of 0.0728, the exchange rate registered a net change of 1.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0776 was down 0.52% compared to the 2022 peak of 0.0780, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 388 MAD

2022 Average 375 MAD

Yearly Trough Low 353 MAD

Transaction Impact: A difference of 35.27 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0760

0.0712

JanuMarcMayJulySeptNove

ISK 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 0.0729, compared to 0.0740 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0729

H2 Avg (Jul–Dec) 0.0740

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0042 MAD (High: 0.0776 / Low: 0.0733). On the other end, December was the most stable month, with a tight range of 0.0016 MAD (High: 0.0739 / Low: 0.0723).

August Spread (Volatile) ±0.0042

December Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between January and April, 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 September and October, when the average rate fell by 0.0015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0751) against the same month in 2022 (average: 0.0751), the exchange rate shifted by +0.0000 (+0.02%).

2023 Avg (August) 0.0751

2022 Avg (August) 0.0751

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0738	0.0705	0.0716
February	0.0730	0.0712	0.0720
March	0.0752	0.0729	0.0738
April	0.0750	0.0729	0.0742
May	0.0739	0.0721	0.0730
June	0.0741	0.0720	0.0729
July	0.0751	0.0714	0.0734
August	0.0776	0.0733	0.0751
September	0.0775	0.0743	0.0756
October	0.0753	0.0733	0.0741
November	0.0738	0.0711	0.0726
December	0.0739	0.0723	0.0728