2023 MAD to NZD Historical Review

YEARLY HIGH

0.1717 NZD

YEARLY LOW

0.1506 NZD

YEARLY AVERAGE

0.1610 NZD

2023 MAD to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 19, valuing the pair at 0.1717. Conversely, the yearly low was recorded on January 1, dropping to 0.1506.

This high-to-low spread represents a total annual volatility of 0.0211 NZD. From a start-to-finish perspective, comparing the January average rate of 0.1526 to the December average rate of 0.1599, the exchange rate registered a net change of 4.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1717 was up 5.31% compared to the 2022 peak of 0.1631, 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 859 NZD

2022 Average 777 NZD

Yearly Trough Low 753 NZD

Transaction Impact: A difference of 105.51 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1703

0.1510

JanuMarcMayJulySeptNove

MAD to NZD 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 0.1573, compared to 0.1646 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.1573

H2 Avg (Jul–Dec) 0.1646

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0086 NZD (High: 0.1635 / Low: 0.1548). On the other end, December was the most stable month, with a tight range of 0.0033 NZD (High: 0.1614 / Low: 0.1581).

April Spread (Volatile) ±0.0086

December Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0042 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.1687) against the same month in 2022 (average: 0.1536), the exchange rate shifted by +0.0151 (+9.83%).

2023 Avg (August) 0.1687

2022 Avg (August) 0.1536

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1557	0.1506	0.1526
February	0.1562	0.1509	0.1546
March	0.1579	0.1541	0.1560
April	0.1635	0.1548	0.1590
May	0.1633	0.1556	0.1594
June	0.1660	0.1592	0.1622
July	0.1676	0.1613	0.1650
August	0.1717	0.1650	0.1687
September	0.1673	0.1617	0.1649
October	0.1679	0.1599	0.1652
November	0.1665	0.1613	0.1641
December	0.1614	0.1581	0.1599