2023 MAD to CVE Historical Review

YEARLY HIGH

10.4567 CVE

YEARLY LOW

9.8207 CVE

YEARLY AVERAGE

10.0853 CVE

2023 MAD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on July 8, valuing the pair at 10.4567. Conversely, the yearly low was recorded on April 15, dropping to 9.8207.

This high-to-low spread represents a total annual volatility of 0.6360 CVE. From a start-to-finish perspective, comparing the January average rate of 10.0159 to the December average rate of 10.0756, the exchange rate registered a net change of 0.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.4567 was down 2.17% compared to the 2022 peak of 10.6886, 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 52,283 CVE

2022 Average 51,756 CVE

Yearly Trough Low 49,104 CVE

Transaction Impact: A difference of 3,179.97 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.2828

9.9107

JanuMarcMayJulySeptNove

MAD to CVE 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 10.0259, compared to 10.1447 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1188 points.

H1 Avg (Jan–Jun) 10.0259

H2 Avg (Jul–Dec) 10.1447

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.3941 CVE (High: 10.4567 / Low: 10.0626). On the other end, March was the most stable month, with a tight range of 0.1397 CVE (High: 10.0424 / Low: 9.9027).

July Spread (Volatile) ±0.3941

March Spread (Stable) ±0.1397

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.1198 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1198

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 10.2518) against the same month in 2022 (average: 10.5125), the exchange rate shifted by -0.2607 (-2.48%).

2023 Avg (July) 10.2518

2022 Avg (July) 10.5125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.1453	9.8226	10.0159
February	10.0920	9.9275	10.0057
March	10.0424	9.9027	9.9794
April	10.1451	9.8207	9.9417
May	10.1563	9.9789	10.0585
June	10.3627	10.0879	10.1541
July	10.4567	10.0626	10.2518
August	10.3799	9.9993	10.2133
September	10.1848	9.9461	10.0935
October	10.3156	10.0545	10.1706
November	10.2891	9.9728	10.0635
December	10.2153	9.9609	10.0756