2023 MAD to MXN Historical Review

YEARLY HIGH

1.8690 MXN

YEARLY LOW

1.6500 MXN

YEARLY AVERAGE

1.7517 MXN

2023 MAD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 1.8690. Conversely, the yearly low was recorded on August 28, dropping to 1.6500.

This high-to-low spread represents a total annual volatility of 0.2190 MXN. From a start-to-finish perspective, comparing the January average rate of 1.8533 to the December average rate of 1.7096, the exchange rate registered a net change of -7.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.8690 was down 15.92% compared to the 2022 peak of 2.2229, 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 9,345 MXN

2022 Average 9,928 MXN

Yearly Trough Low 8,250 MXN

Transaction Impact: A difference of 1,094.85 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.8696

1.6743

JanuMarcMayJulySeptNove

MAD to MXN 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 1.7826, compared to 1.7208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0618 points.

H1 Avg (Jan–Jun) 1.7826

H2 Avg (Jul–Dec) 1.7208

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1329 MXN (High: 1.8523 / Low: 1.7193). On the other end, January was the most stable month, with a tight range of 0.0340 MXN (High: 1.8673 / Low: 1.8333).

March Spread (Volatile) ±0.1329

January Spread (Stable) ±0.0340

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0505 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0505

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.8056) against the same month in 2022 (average: 2.1801), the exchange rate shifted by -0.3746 (-17.18%).

2023 Avg (February) 1.8056

2022 Avg (February) 2.1801

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8673	1.8333	1.8533
February	1.8690	1.7606	1.8056
March	1.8523	1.7193	1.7823
April	1.8175	1.7622	1.7838
May	1.7941	1.7220	1.7542
June	1.7339	1.6994	1.7162
July	1.7635	1.6995	1.7376
August	1.7676	1.6500	1.7161
September	1.7319	1.6629	1.6906
October	1.7869	1.6931	1.7607
November	1.7408	1.6880	1.7102
December	1.7307	1.6914	1.7096