2023 MAD to IDR Historical Review

YEARLY HIGH

1568.9499 IDR

YEARLY LOW

1453.2005 IDR

YEARLY AVERAGE

1505.7183 IDR

2023 MAD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 8, valuing the pair at 1568.9499. Conversely, the yearly low was recorded on April 16, dropping to 1453.2005.

This high-to-low spread represents a total annual volatility of 115.7494 IDR. From a start-to-finish perspective, comparing the January average rate of 1489.5928 to the December average rate of 1542.0581, the exchange rate registered a net change of 3.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1568.9499 was up 0.83% compared to the 2022 peak of 1555.9853, 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 7,844,750 IDR

2022 Average 7,317,997 IDR

Yearly Trough Low 7,266,003 IDR

Transaction Impact: A difference of 578,747.01 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1554.3532

1460.3936

JanuMarcMayJulySeptNove

MAD to IDR 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 1477.9633, compared to 1533.4734 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 55.5101 points.

H1 Avg (Jan–Jun) 1477.9633

H2 Avg (Jul–Dec) 1533.4734

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 69.7040 IDR (High: 1568.9499 / Low: 1499.2459). On the other end, February was the most stable month, with a tight range of 23.3922 IDR (High: 1485.4206 / Low: 1462.0285).

August Spread (Volatile) ±69.7040

February Spread (Stable) ±23.3922

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 39.4478 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -39.4478

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 1542.1544) against the same month in 2022 (average: 1424.9302), the exchange rate shifted by +117.2242 (+8.23%).

2023 Avg (August) 1542.1544

2022 Avg (August) 1424.9302

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1518.5613	1469.0862	1489.5928
February	1485.4206	1462.0285	1472.2730
March	1505.5858	1464.0698	1481.1484
April	1481.6114	1453.2005	1468.2235
May	1488.9365	1456.4196	1468.9525
June	1519.9301	1458.7714	1487.5894
July	1562.2854	1519.6827	1546.5232
August	1568.9499	1499.2459	1542.1544
September	1516.8419	1490.3670	1502.7066
October	1549.0045	1502.9535	1534.1583
November	1546.7716	1517.2467	1533.2395
December	1564.5329	1507.8714	1542.0581