2023 MAD to MGA Historical Review

YEARLY HIGH

468.9672 MGA

YEARLY LOW

411.7047 MGA

YEARLY AVERAGE

439.7408 MGA

2023 MAD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 468.9672. Conversely, the yearly low was recorded on February 22, dropping to 411.7047.

This high-to-low spread represents a total annual volatility of 57.2625 MGA. From a start-to-finish perspective, comparing the January average rate of 429.8734 to the December average rate of 456.4198, the exchange rate registered a net change of 6.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 468.9672 was up 8.58% compared to the 2022 peak of 431.8913, 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 2,344,836 MGA

2022 Average 2,035,059 MGA

Yearly Trough Low 2,058,524 MGA

Transaction Impact: A difference of 286,312.51 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

466.6645

412.7869

JanuMarcMayJulySeptNove

MAD to MGA 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 429.6159, compared to 449.8657 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.2498 points.

H1 Avg (Jan–Jun) 429.6159

H2 Avg (Jul–Dec) 449.8657

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 28.5825 MGA (High: 447.2441 / Low: 418.6617). On the other end, September was the most stable month, with a tight range of 6.9397 MGA (High: 444.1140 / Low: 437.1743).

January Spread (Volatile) ±28.5825

September Spread (Stable) ±6.9397

Growth Streaks & Declines

Trends

Between February and July, 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 August and September, when the average rate fell by 13.9764 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -13.9764

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 462.1747) against the same month in 2022 (average: 404.8825), the exchange rate shifted by +57.2922 (+14.15%).

2023 Avg (July) 462.1747

2022 Avg (July) 404.8825

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	447.2441	418.6617	429.8734
February	422.5734	411.7047	417.2767
March	427.1040	412.1935	417.3382
April	445.7895	423.4155	432.2154
May	441.6033	429.4975	435.5225
June	457.9641	432.2200	445.4689
July	468.9672	453.4102	462.1747
August	463.5115	444.9901	454.7296
September	444.1140	437.1743	440.7532
October	445.2086	437.2881	440.7724
November	452.0804	438.6655	444.3446
December	465.9853	446.4064	456.4198