2023 MAD to MOP Historical Review

YEARLY HIGH

0.8358 MOP

YEARLY LOW

0.7653 MOP

YEARLY AVERAGE

0.7965 MOP

2023 MAD to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 0.8358. Conversely, the yearly low was recorded on January 3, dropping to 0.7653.

This high-to-low spread represents a total annual volatility of 0.0705 MOP. From a start-to-finish perspective, comparing the January average rate of 0.7872 to the December average rate of 0.8021, the exchange rate registered a net change of 1.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8358 was down 4.14% compared to the 2022 peak of 0.8719, 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 4,179 MOP

2022 Average 3,980 MOP

Yearly Trough Low 3,826 MOP

Transaction Impact: A difference of 352.71 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8304

0.7773

JanuMarcMayJulySeptNove

MAD to MOP 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 0.7921, compared to 0.8008 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0087 points.

H1 Avg (Jan–Jun) 0.7921

H2 Avg (Jul–Dec) 0.8008

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0384 MOP (High: 0.8328 / Low: 0.7944). On the other end, October was the most stable month, with a tight range of 0.0117 MOP (High: 0.7895 / Low: 0.7778).

August Spread (Volatile) ±0.0384

October Spread (Stable) ±0.0117

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 0.0261 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0261

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.8260) against the same month in 2022 (average: 0.7900), the exchange rate shifted by +0.0359 (+4.54%).

2023 Avg (July) 0.8260

2022 Avg (July) 0.7900

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7978	0.7653	0.7872
February	0.7966	0.7753	0.7847
March	0.7922	0.7732	0.7817
April	0.8164	0.7903	0.7975
May	0.8116	0.7875	0.7986
June	0.8156	0.7915	0.8028
July	0.8358	0.8154	0.8260
August	0.8328	0.7944	0.8141
September	0.7947	0.7807	0.7881
October	0.7895	0.7778	0.7841
November	0.8003	0.7820	0.7906
December	0.8184	0.7902	0.8021