2023 MAD to AZN Historical Review

YEARLY HIGH

0.1769 AZN

YEARLY LOW

0.1617 AZN

YEARLY AVERAGE

0.1680 AZN

2023 MAD to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.1769. Conversely, the yearly low was recorded on January 3, dropping to 0.1617.

This high-to-low spread represents a total annual volatility of 0.0153 AZN. From a start-to-finish perspective, comparing the January average rate of 0.1662 to the December average rate of 0.1693, the exchange rate registered a net change of 1.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1769 was down 4.11% compared to the 2022 peak of 0.1845, 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 885 AZN

2022 Average 839 AZN

Yearly Trough Low 808 AZN

Transaction Impact: A difference of 76.49 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1756

0.1636

JanuMarcMayJulySeptNove

MAD to AZN 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 0.1669, compared to 0.1691 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.1669

H2 Avg (Jul–Dec) 0.1691

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0089 AZN (High: 0.1760 / Low: 0.1671). On the other end, September was the most stable month, with a tight range of 0.0028 AZN (High: 0.1674 / Low: 0.1647).

August Spread (Volatile) ±0.0089

September Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0056 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1746) against the same month in 2022 (average: 0.1662), the exchange rate shifted by +0.0084 (+5.07%).

2023 Avg (July) 0.1746

2022 Avg (July) 0.1662

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1691	0.1617	0.1662
February	0.1676	0.1631	0.1650
March	0.1665	0.1625	0.1646
April	0.1717	0.1662	0.1678
May	0.1705	0.1660	0.1682
June	0.1723	0.1666	0.1692
July	0.1769	0.1723	0.1746
August	0.1760	0.1671	0.1717
September	0.1674	0.1647	0.1662
October	0.1669	0.1640	0.1655
November	0.1693	0.1651	0.1674
December	0.1727	0.1669	0.1693