2023 MAD to GNF Historical Review

YEARLY HIGH

894.8686 GNF

YEARLY LOW

824.9098 GNF

YEARLY AVERAGE

851.5623 GNF

2023 MAD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 894.8686. Conversely, the yearly low was recorded on January 2, dropping to 824.9098.

This high-to-low spread represents a total annual volatility of 69.9588 GNF. From a start-to-finish perspective, comparing the January average rate of 847.0437 to the December average rate of 856.7602, the exchange rate registered a net change of 1.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 894.8686 was down 11.14% compared to the 2022 peak of 1007.0100, 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 4,474,343 GNF

2022 Average 4,349,617 GNF

Yearly Trough Low 4,124,549 GNF

Transaction Impact: A difference of 349,793.86 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

888.6745

831.5035

JanuMarcMayJulySeptNove

MAD to GNF 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 847.2558, compared to 855.8689 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.6132 points.

H1 Avg (Jan–Jun) 847.2558

H2 Avg (Jul–Dec) 855.8689

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 50.6312 GNF (High: 894.8686 / Low: 844.2374). On the other end, September was the most stable month, with a tight range of 15.7996 GNF (High: 848.0197 / Low: 832.2201).

August Spread (Volatile) ±50.6312

September Spread (Stable) ±15.7996

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 28.8974 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -28.8974

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 869.8817) against the same month in 2022 (average: 834.9888), the exchange rate shifted by +34.8929 (+4.18%).

2023 Avg (August) 869.8817

2022 Avg (August) 834.9888

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	870.5567	824.9098	847.0437
February	859.2814	825.5071	839.3078
March	847.2944	826.7671	836.2678
April	868.6079	839.7472	849.0859
May	867.6173	840.7739	853.4081
June	874.0022	844.7103	858.4214
July	893.8259	870.9289	883.9102
August	894.8686	844.2374	869.8817
September	848.0197	832.2201	840.9843
October	843.8714	828.0357	837.2185
November	856.6107	836.4726	846.4587
December	871.9824	844.1257	856.7602