2023 MAD to DJF Historical Review

YEARLY HIGH

18.4865 DJF

YEARLY LOW

16.9032 DJF

YEARLY AVERAGE

17.5712 DJF

2023 MAD to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 18.4865. Conversely, the yearly low was recorded on January 3, dropping to 16.9032.

This high-to-low spread represents a total annual volatility of 1.5834 DJF. From a start-to-finish perspective, comparing the January average rate of 17.3730 to the December average rate of 17.7384, the exchange rate registered a net change of 2.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.4865 was down 4.39% compared to the 2022 peak of 19.3349, 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 92,433 DJF

2022 Average 87,849 DJF

Yearly Trough Low 84,516 DJF

Transaction Impact: A difference of 7,916.77 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.3501

17.0975

JanuMarcMayJulySeptNove

MAD to DJF 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 17.4503, compared to 17.6921 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2419 points.

H1 Avg (Jan–Jun) 17.4503

H2 Avg (Jul–Dec) 17.6921

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.8618 DJF (High: 18.3413 / Low: 17.4796). On the other end, October was the most stable month, with a tight range of 0.2885 DJF (High: 17.4411 / Low: 17.1526).

August Spread (Volatile) ±0.8618

October Spread (Stable) ±0.2885

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 0.5731 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5731

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 18.2457) against the same month in 2022 (average: 17.3894), the exchange rate shifted by +0.8563 (+4.92%).

2023 Avg (July) 18.2457

2022 Avg (July) 17.3894

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.6445	16.9032	17.3730
February	17.5402	17.0710	17.2794
March	17.4213	17.0005	17.2018
April	17.7414	17.3932	17.5370
May	17.8258	17.3773	17.5984
June	17.9679	17.4382	17.7120
July	18.4865	17.9679	18.2457
August	18.3413	17.4796	17.9716
September	17.5584	17.2559	17.3985
October	17.4411	17.1526	17.3137
November	17.7797	17.2891	17.4850
December	18.0782	17.4571	17.7384