2023 MAD to HUF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MAD to HUF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MAD to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 8, valuing the pair at 36.6890. Conversely, the yearly low was recorded on April 18, dropping to 33.3476.
This high-to-low spread represents a total annual volatility of 3.3413 HUF. From a start-to-finish perspective, comparing the January average rate of 35.7722 to the December average rate of 34.8140, the exchange rate registered a net change of -2.68% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 36.6890 was down 9.19% compared to the 2022 peak of 40.4033, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MAD to HUF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 34.5396, compared to 35.1854 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6458 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 2.8107 HUF (High: 36.5242 / Low: 33.7136). On the other end, June was the most stable month, with a tight range of 0.7892 HUF (High: 34.5256 / Low: 33.7365).
Growth Streaks & Declines
TrendsBetween April and August, 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 October and November, when the average rate fell by 1.0386 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 35.6566) against the same month in 2022 (average: 38.1129), the exchange rate shifted by -2.4563 (-6.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 36.4198 | 34.9491 | 35.7722 |
| February | 35.8605 | 34.1604 | 34.8898 |
| March | 36.5242 | 33.7136 | 34.8266 |
| April | 34.6365 | 33.3476 | 33.8180 |
| May | 34.3591 | 33.4555 | 33.9127 |
| June | 34.5256 | 33.7365 | 34.0180 |
| July | 36.1928 | 34.1805 | 35.2306 |
| August | 36.6890 | 34.3600 | 35.6566 |
| September | 36.1992 | 34.8062 | 35.3939 |
| October | 36.2010 | 34.6510 | 35.5279 |
| November | 35.1744 | 33.9104 | 34.4893 |
| December | 35.0737 | 34.1213 | 34.8140 |