2023 MAD to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MAD to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MAD to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 19.3035. Conversely, the yearly low was recorded on January 3, dropping to 14.6912.
This high-to-low spread represents a total annual volatility of 4.6123 LRD. From a start-to-finish perspective, comparing the January average rate of 15.1868 to the December average rate of 18.7478, the exchange rate registered a net change of 23.45% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 19.3035 was up 17.12% compared to the 2022 peak of 16.4822, 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 LRD 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 15.9717, compared to 18.5546 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5829 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 1.5725 LRD (High: 18.1974 / Low: 16.6250). On the other end, September was the most stable month, with a tight range of 0.2871 LRD (High: 18.3579 / Low: 18.0709).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.6082 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 18.8210) against the same month in 2022 (average: 14.7576), the exchange rate shifted by +4.0634 (+27.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.4424 | 14.6912 | 15.1868 |
| February | 15.4779 | 14.7570 | 15.1902 |
| March | 15.8952 | 14.9128 | 15.4424 |
| April | 16.6603 | 15.8653 | 16.1051 |
| May | 16.7255 | 16.3849 | 16.5224 |
| June | 18.1974 | 16.6250 | 17.3833 |
| July | 19.1829 | 18.1974 | 18.8676 |
| August | 19.3035 | 18.2826 | 18.8210 |
| September | 18.3579 | 18.0709 | 18.2128 |
| October | 18.3100 | 17.9939 | 18.1922 |
| November | 18.7309 | 18.2054 | 18.4860 |
| December | 19.1436 | 18.4803 | 18.7478 |