2023 MAD to IRR Historical Review

YEARLY HIGH

4400.2883 IRR

YEARLY LOW

3984.2085 IRR

YEARLY AVERAGE

4171.6028 IRR

2023 MAD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 4400.2883. Conversely, the yearly low was recorded on January 3, dropping to 3984.2085.

This high-to-low spread represents a total annual volatility of 416.0799 IRR. From a start-to-finish perspective, comparing the January average rate of 4098.7761 to the December average rate of 4206.0787, the exchange rate registered a net change of 2.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 4400.2883 was down 4.11% compared to the 2022 peak of 4588.8853, 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 22,001,442 IRR

2022 Average 20,858,638 IRR

Yearly Trough Low 19,921,042 IRR

Transaction Impact: A difference of 2,080,399.30 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4363.8628

4056.9786

JanuMarcMayJulySeptNove

MAD to IRR 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 4140.3634, compared to 4202.8422 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 62.4788 points.

H1 Avg (Jan–Jun) 4140.3634

H2 Avg (Jul–Dec) 4202.8422

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 226.4423 IRR (High: 4379.3944 / Low: 4152.9521). On the other end, September was the most stable month, with a tight range of 71.0057 IRR (High: 4162.3000 / Low: 4091.2943).

August Spread (Volatile) ±226.4423

September Spread (Stable) ±71.0057

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 141.4175 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -141.4175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 4338.2891) against the same month in 2022 (average: 4139.1336), the exchange rate shifted by +199.1555 (+4.81%).

2023 Avg (July) 4338.2891

2022 Avg (July) 4139.1336

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4162.0308	3984.2085	4098.7761
February	4161.6327	4025.6927	4098.7117
March	4139.1093	4037.5605	4082.5523
April	4266.0488	4131.3227	4172.1411
May	4237.7837	4130.4112	4182.7749
June	4270.7719	4147.2373	4207.2241
July	4400.2883	4268.9704	4338.2891
August	4379.3944	4152.9521	4271.0041
September	4162.3000	4091.2943	4129.5866
October	4146.8542	4074.0652	4112.8420
November	4208.3645	4099.8617	4159.2524
December	4276.2830	4150.0823	4206.0787