2023 MAD to CNY Historical Review

YEARLY HIGH

0.7443 CNY

YEARLY LOW

0.6575 CNY

YEARLY AVERAGE

0.6989 CNY

2023 MAD to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 8, valuing the pair at 0.7443. Conversely, the yearly low was recorded on January 3, dropping to 0.6575.

This high-to-low spread represents a total annual volatility of 0.0868 CNY. From a start-to-finish perspective, comparing the January average rate of 0.6638 to the December average rate of 0.7090, the exchange rate registered a net change of 6.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7443 was up 7.76% compared to the 2022 peak of 0.6907, 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 3,722 CNY

2022 Average 3,314 CNY

Yearly Trough Low 3,288 CNY

Transaction Impact: A difference of 433.95 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7455

0.6563

JanuMarcMayJulySeptNove

MAD to CNY 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 0.6798, compared to 0.7181 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0382 points.

H1 Avg (Jan–Jun) 0.6798

H2 Avg (Jul–Dec) 0.7181

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0380 CNY (High: 0.7329 / Low: 0.6949). On the other end, February was the most stable month, with a tight range of 0.0078 CNY (High: 0.6684 / Low: 0.6605).

June Spread (Volatile) ±0.0380

February Spread (Stable) ±0.0078

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0185 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0185

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.7313) against the same month in 2022 (average: 0.6533), the exchange rate shifted by +0.0780 (+11.95%).

2023 Avg (August) 0.7313

2022 Avg (August) 0.6533

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6690	0.6575	0.6638
February	0.6684	0.6605	0.6644
March	0.6745	0.6586	0.6674
April	0.6979	0.6718	0.6799
May	0.6997	0.6865	0.6915
June	0.7329	0.6949	0.7121
July	0.7433	0.7208	0.7380
August	0.7443	0.7156	0.7313
September	0.7227	0.7071	0.7128
October	0.7156	0.6944	0.7082
November	0.7157	0.7004	0.7092
December	0.7255	0.6978	0.7090