2023 JOD to MAD Historical Review

YEARLY HIGH

14.8141 MAD

YEARLY LOW

13.5448 MAD

YEARLY AVERAGE

14.2752 MAD

2023 JOD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 14.8141. Conversely, the yearly low was recorded on July 16, dropping to 13.5448.

This high-to-low spread represents a total annual volatility of 1.2693 MAD. From a start-to-finish perspective, comparing the January average rate of 14.4240 to the December average rate of 14.1540, the exchange rate registered a net change of -1.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.8141 was down 5.43% compared to the 2022 peak of 15.6650, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 74,070 MAD

2022 Average 71,641 MAD

Yearly Trough Low 67,724 MAD

Transaction Impact: A difference of 6,346.43 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.6395

13.6482

JanuMarcMayJulySeptNove

JOD 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 14.3651, compared to 14.1853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1798 points.

H1 Avg (Jan–Jun) 14.3651

H2 Avg (Jul–Dec) 14.1853

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.7248 MAD (High: 14.3693 / Low: 13.6446). On the other end, September was the most stable month, with a tight range of 0.2107 MAD (High: 14.5480 / Low: 14.3373).

August Spread (Volatile) ±0.7248

September Spread (Stable) ±0.2107

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 0.4345 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4345

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 14.4240) against the same month in 2022 (average: 13.1028), the exchange rate shifted by +1.3212 (+10.08%).

2023 Avg (January) 14.4240

2022 Avg (January) 13.1028

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.8141	14.1768	14.4240
February	14.6893	14.2941	14.5193
March	14.7479	14.3841	14.5569
April	14.4161	13.9608	14.2789
May	14.4343	14.0539	14.2459
June	14.3808	13.9493	14.1653
July	13.9493	13.5448	13.7308
August	14.3693	13.6446	13.9845
September	14.5480	14.3373	14.4386
October	14.6185	14.3580	14.4804
November	14.5181	14.1503	14.3233
December	14.3594	13.8726	14.1540