2023 MAD to NOK Historical Review

YEARLY HIGH

1.0998 NOK

YEARLY LOW

0.9371 NOK

YEARLY AVERAGE

1.0433 NOK

2023 MAD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 6, valuing the pair at 1.0998. Conversely, the yearly low was recorded on January 1, dropping to 0.9371.

This high-to-low spread represents a total annual volatility of 0.1627 NOK. From a start-to-finish perspective, comparing the January average rate of 0.9701 to the December average rate of 1.0472, the exchange rate registered a net change of 7.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0998 was up 9.93% compared to the 2022 peak of 1.0004, 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 5,499 NOK

2022 Average 4,731 NOK

Yearly Trough Low 4,685 NOK

Transaction Impact: A difference of 813.44 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0844

0.9597

JanuMarcMayJulySeptNove

MAD to NOK 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 1.0277, compared to 1.0590 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0313 points.

H1 Avg (Jan–Jun) 1.0277

H2 Avg (Jul–Dec) 1.0590

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0745 NOK (High: 1.0998 / Low: 1.0252). On the other end, September was the most stable month, with a tight range of 0.0237 NOK (High: 1.0586 / Low: 1.0349).

July Spread (Volatile) ±0.0745

September Spread (Stable) ±0.0237

Growth Streaks & Declines

Trends

Between January and June, 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 November and December, when the average rate fell by 0.0260 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0260

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.0561) against the same month in 2022 (average: 0.9759), the exchange rate shifted by +0.0801 (+8.21%).

2023 Avg (July) 1.0561

2022 Avg (July) 0.9759

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9848	0.9371	0.9701
February	1.0077	0.9719	0.9948
March	1.0481	0.9995	1.0202
April	1.0745	1.0052	1.0374
May	1.0982	1.0459	1.0698
June	1.0935	1.0423	1.0740
July	1.0998	1.0252	1.0561
August	1.0847	1.0315	1.0579
September	1.0586	1.0349	1.0486
October	1.0900	1.0392	1.0709
November	1.0979	1.0535	1.0732
December	1.0860	1.0175	1.0472