2023 MAD to BOB Historical Review

YEARLY HIGH

0.7174 BOB

YEARLY LOW

0.6571 BOB

YEARLY AVERAGE

0.6825 BOB

2023 MAD to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.7174. Conversely, the yearly low was recorded on January 3, dropping to 0.6571.

This high-to-low spread represents a total annual volatility of 0.0603 BOB. From a start-to-finish perspective, comparing the January average rate of 0.6754 to the December average rate of 0.6890, the exchange rate registered a net change of 2.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7174 was down 4.24% compared to the 2022 peak of 0.7492, 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 3,587 BOB

2022 Average 3,401 BOB

Yearly Trough Low 3,285 BOB

Transaction Impact: A difference of 301.64 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7130

0.6641

JanuMarcMayJulySeptNove

MAD to BOB 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 0.6779, compared to 0.6871 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0092 points.

H1 Avg (Jan–Jun) 0.6779

H2 Avg (Jul–Dec) 0.6871

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0361 BOB (High: 0.7154 / Low: 0.6793). On the other end, October was the most stable month, with a tight range of 0.0108 BOB (High: 0.6771 / Low: 0.6664).

August Spread (Volatile) ±0.0361

October Spread (Stable) ±0.0108

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 0.0228 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.7090) against the same month in 2022 (average: 0.6720), the exchange rate shifted by +0.0369 (+5.50%).

2023 Avg (July) 0.7090

2022 Avg (July) 0.6720

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6852	0.6571	0.6754
February	0.6814	0.6627	0.6709
March	0.6770	0.6608	0.6682
April	0.6977	0.6754	0.6821
May	0.6923	0.6746	0.6835
June	0.6983	0.6771	0.6876
July	0.7174	0.6983	0.7090
August	0.7154	0.6793	0.6980
September	0.6805	0.6695	0.6752
October	0.6771	0.6664	0.6722
November	0.6880	0.6705	0.6794
December	0.7024	0.6784	0.6890