2023 MAD to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MAD to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MAD to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 2088.1321. Conversely, the yearly low was recorded on February 26, dropping to 1617.3898.
This high-to-low spread represents a total annual volatility of 470.7423 LAK. From a start-to-finish perspective, comparing the January average rate of 1660.3738 to the December average rate of 2057.1408, the exchange rate registered a net change of 23.90% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 2088.1321 was up 21.16% compared to the 2022 peak of 1723.3923, 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 LAK 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 1698.5974, compared to 1995.3785 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 296.7811 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 168.4648 LAK (High: 1911.4478 / Low: 1742.9830). On the other end, May was the most stable month, with a tight range of 30.2307 LAK (High: 1752.2843 / Low: 1722.0536).
Growth Streaks & Declines
TrendsBetween March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 22.1221 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 2057.1408) against the same month in 2022 (average: 1647.4869), the exchange rate shifted by +409.6539 (+24.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1689.0585 | 1644.9455 | 1660.3738 |
| February | 1659.9910 | 1617.3898 | 1638.2517 |
| March | 1663.2433 | 1617.7047 | 1634.0365 |
| April | 1723.7437 | 1662.7963 | 1692.6906 |
| May | 1752.2843 | 1722.0536 | 1736.6651 |
| June | 1911.4478 | 1742.9830 | 1829.5667 |
| July | 1993.6799 | 1895.0187 | 1962.1954 |
| August | 2002.8921 | 1930.4461 | 1963.9277 |
| September | 1988.6584 | 1925.8420 | 1947.3412 |
| October | 2024.1687 | 1974.0682 | 2005.1051 |
| November | 2061.0951 | 2012.4150 | 2036.5606 |
| December | 2088.1321 | 2033.7674 | 2057.1408 |