2023 MAD to PEN Historical Review

YEARLY HIGH

0.3848 PEN

YEARLY LOW

0.3585 PEN

YEARLY AVERAGE

0.3695 PEN

2023 MAD to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.3848. Conversely, the yearly low was recorded on May 27, dropping to 0.3585.

This high-to-low spread represents a total annual volatility of 0.0264 PEN. From a start-to-finish perspective, comparing the January average rate of 0.3737 to the December average rate of 0.3721, the exchange rate registered a net change of -0.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3848 was down 10.49% compared to the 2022 peak of 0.4299, 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 1,924 PEN

2022 Average 1,891 PEN

Yearly Trough Low 1,792 PEN

Transaction Impact: A difference of 131.83 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3748

0.3617

JanuMarcMayJulySeptNove

MAD to PEN 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 0.3684, compared to 0.3706 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.3684

H2 Avg (Jul–Dec) 0.3706

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0226 PEN (High: 0.3848 / Low: 0.3623). On the other end, April was the most stable month, with a tight range of 0.0062 PEN (High: 0.3740 / Low: 0.3678).

January Spread (Volatile) ±0.0226

April Spread (Stable) ±0.0062

Growth Streaks & Declines

Trends

Between June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0090 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3737) against the same month in 2022 (average: 0.4191), the exchange rate shifted by -0.0454 (-10.84%).

2023 Avg (January) 0.3737

2022 Avg (January) 0.4191

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3848	0.3623	0.3737
February	0.3797	0.3649	0.3726
March	0.3690	0.3621	0.3657
April	0.3740	0.3678	0.3709
May	0.3712	0.3585	0.3645
June	0.3674	0.3598	0.3628
July	0.3725	0.3655	0.3695
August	0.3811	0.3633	0.3729
September	0.3696	0.3613	0.3640
October	0.3763	0.3664	0.3737
November	0.3813	0.3668	0.3711
December	0.3750	0.3681	0.3721