2023 MAD to KWD Historical Review

YEARLY HIGH

0.0319 KWD

YEARLY LOW

0.0291 KWD

YEARLY AVERAGE

0.0304 KWD

2023 MAD to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.0319. Conversely, the yearly low was recorded on January 3, dropping to 0.0291.

This high-to-low spread represents a total annual volatility of 0.0027 KWD. From a start-to-finish perspective, comparing the January average rate of 0.0299 to the December average rate of 0.0307, the exchange rate registered a net change of 2.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0319 was down 2.87% compared to the 2022 peak of 0.0328, 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 159 KWD

2022 Average 151 KWD

Yearly Trough Low 146 KWD

Transaction Impact: A difference of 13.60 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0317

0.0295

JanuMarcMayJulySeptNove

MAD to KWD 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 0.0301, compared to 0.0307 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0301

H2 Avg (Jul–Dec) 0.0307

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0015 KWD (High: 0.0318 / Low: 0.0303). On the other end, September was the most stable month, with a tight range of 0.0005 KWD (High: 0.0304 / Low: 0.0299).

August Spread (Volatile) ±0.0015

September Spread (Stable) ±0.0005

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 0.0009 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0315) against the same month in 2022 (average: 0.0301), the exchange rate shifted by +0.0014 (+4.82%).

2023 Avg (July) 0.0315

2022 Avg (July) 0.0301

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0303	0.0291	0.0299
February	0.0301	0.0295	0.0297
March	0.0300	0.0294	0.0297
April	0.0309	0.0300	0.0303
May	0.0308	0.0300	0.0304
June	0.0311	0.0301	0.0306
July	0.0319	0.0311	0.0315
August	0.0318	0.0303	0.0311
September	0.0304	0.0299	0.0302
October	0.0304	0.0298	0.0301
November	0.0307	0.0300	0.0304
December	0.0312	0.0302	0.0307