2023 MAD to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MAD to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MAD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 170.9781. Conversely, the yearly low was recorded on March 9, dropping to 97.2893.
This high-to-low spread represents a total annual volatility of 73.6888 MWK. From a start-to-finish perspective, comparing the January average rate of 100.0020 to the December average rate of 167.7716, the exchange rate registered a net change of 67.77% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 170.9781 was up 64.43% compared to the 2022 peak of 103.9824, 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 MWK 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 100.6044, compared to 123.9730 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 23.3686 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 58.6954 MWK (High: 167.6242 / Low: 108.9288). On the other end, February was the most stable month, with a tight range of 2.5533 MWK (High: 100.9975 / Low: 98.4441).
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 August and September, when the average rate fell by 2.6246 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 167.7716) against the same month in 2022 (average: 97.4686), the exchange rate shifted by +70.3030 (+72.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 101.7996 | 97.4896 | 100.0020 |
| February | 100.9975 | 98.4441 | 99.6371 |
| March | 101.4033 | 97.2893 | 99.4218 |
| April | 103.6978 | 99.9185 | 101.1348 |
| May | 102.9080 | 99.9853 | 101.4510 |
| June | 106.2443 | 99.9786 | 101.9794 |
| July | 109.4497 | 106.2443 | 107.9689 |
| August | 111.6755 | 105.9557 | 108.6246 |
| September | 108.5186 | 102.6849 | 106.0000 |
| October | 113.5760 | 104.8981 | 111.7038 |
| November | 167.6242 | 108.9288 | 141.7690 |
| December | 170.9781 | 165.2858 | 167.7716 |