2023 MAD to KHR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MAD to KHR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MAD to KHR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 428.5257. Conversely, the yearly low was recorded on March 9, dropping to 386.9216.
This high-to-low spread represents a total annual volatility of 41.6041 KHR. From a start-to-finish perspective, comparing the January average rate of 402.1393 to the December average rate of 409.4503, the exchange rate registered a net change of 1.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 428.5257 was down 3.19% compared to the 2022 peak of 442.6418, 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 KHR 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 401.6164, compared to 410.3031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.6867 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 19.9844 KHR (High: 428.1419 / Low: 408.1576). On the other end, October was the most stable month, with a tight range of 7.0488 KHR (High: 404.8527 / Low: 397.8039).
Growth Streaks & Declines
TrendsBetween 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 14.4744 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 423.4409) against the same month in 2022 (average: 398.8823), the exchange rate shifted by +24.5586 (+6.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 408.4081 | 391.7003 | 402.1393 |
| February | 405.3077 | 388.0446 | 396.6509 |
| March | 397.3870 | 386.9216 | 392.0417 |
| April | 410.0601 | 396.0203 | 401.3053 |
| May | 413.3458 | 401.2448 | 407.2137 |
| June | 417.5003 | 404.1489 | 410.3475 |
| July | 428.5257 | 417.5003 | 423.4409 |
| August | 428.1419 | 408.1576 | 418.1681 |
| September | 410.2259 | 398.7553 | 403.6937 |
| October | 404.8527 | 397.8039 | 401.9930 |
| November | 410.4759 | 400.8031 | 405.0727 |
| December | 416.3378 | 403.6915 | 409.4503 |