2023 MAD to JPY Historical Review

YEARLY HIGH

14.8943 JPY

YEARLY LOW

12.4846 JPY

YEARLY AVERAGE

13.8833 JPY

2023 MAD to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 14.8943. Conversely, the yearly low was recorded on January 3, dropping to 12.4846.

This high-to-low spread represents a total annual volatility of 2.4097 JPY. From a start-to-finish perspective, comparing the January average rate of 12.7221 to the December average rate of 14.3083, the exchange rate registered a net change of 12.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.8943 was up 8.83% compared to the 2022 peak of 13.6858, 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 74,471 JPY

2022 Average 64,609 JPY

Yearly Trough Low 62,423 JPY

Transaction Impact: A difference of 12,048.30 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.9470

12.5199

JanuMarcMayJulySeptNove

MAD to JPY 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 13.2365, compared to 14.5300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2935 points.

H1 Avg (Jan–Jun) 13.2365

H2 Avg (Jul–Dec) 14.5300

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.9407 JPY (High: 14.5837 / Low: 13.6430). On the other end, September was the most stable month, with a tight range of 0.2557 JPY (High: 14.5590 / Low: 14.3033).

June Spread (Volatile) ±0.9407

September Spread (Stable) ±0.2557

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.4365 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.4365

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 14.7448) against the same month in 2022 (average: 13.1552), the exchange rate shifted by +1.5896 (+12.08%).

2023 Avg (November) 14.7448

2022 Avg (November) 13.1552

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.9240	12.4846	12.7221
February	13.1151	12.6409	12.9300
March	13.1896	12.6865	12.9345
April	13.7646	12.8464	13.1870
May	13.8357	13.3530	13.5780
June	14.5837	13.6430	14.0673
July	14.8003	14.1480	14.4963
August	14.8297	14.3444	14.6260
September	14.5590	14.3033	14.4461
October	14.7155	14.3078	14.5586
November	14.8943	14.6204	14.7448
December	14.5944	14.0057	14.3083