2023 LKR to MAD Historical Review

YEARLY HIGH

0.0351 MAD

YEARLY LOW

0.0276 MAD

YEARLY AVERAGE

0.0309 MAD

2023 LKR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.0351. Conversely, the yearly low was recorded on January 13, dropping to 0.0276.

This high-to-low spread represents a total annual volatility of 0.0076 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0280 to the December average rate of 0.0307, the exchange rate registered a net change of 9.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0351 was down 28.29% compared to the 2022 peak of 0.0490, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 176 MAD

2022 Average 163 MAD

Yearly Trough Low 138 MAD

Transaction Impact: A difference of 37.85 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0338

0.0275

JanuMarcMayJulySeptNove

LKR 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 0.0307, compared to 0.0310 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0307

H2 Avg (Jul–Dec) 0.0310

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0036 MAD (High: 0.0351 / Low: 0.0315). On the other end, September was the most stable month, with a tight range of 0.0006 MAD (High: 0.0319 / Low: 0.0314).

June Spread (Volatile) ±0.0036

September Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0027 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0332) against the same month in 2022 (average: 0.0278), the exchange rate shifted by +0.0055 (+19.63%).

2023 Avg (June) 0.0332

2022 Avg (June) 0.0278

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0288	0.0276	0.0280
February	0.0287	0.0277	0.0282
March	0.0320	0.0286	0.0309
April	0.0319	0.0309	0.0315
May	0.0346	0.0312	0.0326
June	0.0351	0.0315	0.0332
July	0.0321	0.0292	0.0305
August	0.0316	0.0302	0.0308
September	0.0319	0.0314	0.0317
October	0.0320	0.0314	0.0316
November	0.0314	0.0305	0.0310
December	0.0312	0.0304	0.0307