2023 MAD to LKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MAD to LKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MAD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 36.2924. Conversely, the yearly low was recorded on June 2, dropping to 28.4709.
This high-to-low spread represents a total annual volatility of 7.8215 LKR. From a start-to-finish perspective, comparing the January average rate of 35.7446 to the December average rate of 32.5420, the exchange rate registered a net change of -8.96% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 36.2924 was down 1.75% compared to the 2022 peak of 36.9381, 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 LKR 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 32.6902, compared to 32.2210 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4692 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 3.6662 LKR (High: 34.9101 / Low: 31.2439). On the other end, September was the most stable month, with a tight range of 0.5506 LKR (High: 31.8586 / Low: 31.3080).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 3.0675 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 35.7446) against the same month in 2022 (average: 21.8027), the exchange rate shifted by +13.9419 (+63.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 36.2924 | 34.7569 | 35.7446 |
| February | 36.0922 | 34.8129 | 35.4421 |
| March | 34.9101 | 31.2439 | 32.3746 |
| April | 32.3513 | 31.3672 | 31.7859 |
| May | 32.0277 | 28.9205 | 30.6666 |
| June | 31.7279 | 28.4709 | 30.1274 |
| July | 34.1993 | 31.1240 | 32.7992 |
| August | 33.1003 | 31.6525 | 32.5023 |
| September | 31.8586 | 31.3080 | 31.5868 |
| October | 31.8907 | 31.2216 | 31.6335 |
| November | 32.8023 | 31.8345 | 32.2621 |
| December | 32.9254 | 32.0550 | 32.5420 |