2023 MAD to ALL Historical Review

YEARLY HIGH

10.7282 ALL

YEARLY LOW

9.2184 ALL

YEARLY AVERAGE

9.9354 ALL

2023 MAD to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 10.7282. Conversely, the yearly low was recorded on July 20, dropping to 9.2184.

This high-to-low spread represents a total annual volatility of 1.5098 ALL. From a start-to-finish perspective, comparing the January average rate of 10.5488 to the December average rate of 9.3790, the exchange rate registered a net change of -11.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.7282 was down 8.29% compared to the 2022 peak of 11.6974, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 53,641 ALL

2022 Average 55,710 ALL

Yearly Trough Low 46,092 ALL

Transaction Impact: A difference of 7,549.03 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.6658

9.2620

JanuMarcMayJulySeptNove

MAD to ALL 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 10.2460, compared to 9.6247 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6213 points.

H1 Avg (Jan–Jun) 10.2460

H2 Avg (Jul–Dec) 9.6247

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.7764 ALL (High: 10.2051 / Low: 9.4287). On the other end, February was the most stable month, with a tight range of 0.1860 ALL (High: 10.5893 / Low: 10.4033).

August Spread (Volatile) ±0.7764

February Spread (Stable) ±0.1860

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 October and November, when the average rate fell by 0.2916 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2916

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 10.5488) against the same month in 2022 (average: 11.5399), the exchange rate shifted by -0.9911 (-8.59%).

2023 Avg (January) 10.5488

2022 Avg (January) 11.5399

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.7282	10.1772	10.5488
February	10.5893	10.4033	10.4899
March	10.4393	10.2015	10.3503
April	10.2243	9.9755	10.1112
May	10.3445	10.0449	10.1200
June	10.0386	9.7043	9.8558
July	9.9440	9.2184	9.5993
August	10.2051	9.4287	9.7841
September	9.9114	9.6815	9.7840
October	9.8488	9.6412	9.7468
November	9.7074	9.2672	9.4552
December	9.5181	9.2208	9.3790