2023 JPY to MAD Historical Review

YEARLY HIGH

0.0801 MAD

YEARLY LOW

0.0671 MAD

YEARLY AVERAGE

0.0722 MAD

2023 JPY to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JPY to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0801. Conversely, the yearly low was recorded on November 15, dropping to 0.0671.

This high-to-low spread represents a total annual volatility of 0.0130 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0786 to the December average rate of 0.0699, the exchange rate registered a net change of -11.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0801 was down 7.12% compared to the 2022 peak of 0.0862, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 40,049 MAD

2022 Average 38,744 MAD

Yearly Trough Low 33,570 MAD

Transaction Impact: A difference of 6,479.34 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0797

0.0667

JanuMarcMayJulySeptNove

JPY 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 0.0757, compared to 0.0688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0068 points.

H1 Avg (Jan–Jun) 0.0757

H2 Avg (Jul–Dec) 0.0688

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0052 MAD (High: 0.0778 / Low: 0.0726). On the other end, September was the most stable month, with a tight range of 0.0012 MAD (High: 0.0699 / Low: 0.0687).

April Spread (Volatile) ±0.0052

September Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0025 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0786) against the same month in 2022 (average: 0.0809), the exchange rate shifted by -0.0023 (-2.83%).

2023 Avg (January) 0.0786

2022 Avg (January) 0.0809

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0801	0.0774	0.0786
February	0.0791	0.0762	0.0773
March	0.0788	0.0758	0.0773
April	0.0778	0.0726	0.0759
May	0.0749	0.0723	0.0737
June	0.0733	0.0686	0.0711
July	0.0707	0.0676	0.0690
August	0.0697	0.0674	0.0684
September	0.0699	0.0687	0.0692
October	0.0699	0.0680	0.0687
November	0.0684	0.0671	0.0678
December	0.0714	0.0685	0.0699