2023 MAD to QAR Historical Review

YEARLY HIGH

0.3788 QAR

YEARLY LOW

0.3465 QAR

YEARLY AVERAGE

0.3600 QAR

2023 MAD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.3788. Conversely, the yearly low was recorded on January 3, dropping to 0.3465.

This high-to-low spread represents a total annual volatility of 0.0324 QAR. From a start-to-finish perspective, comparing the January average rate of 0.3562 to the December average rate of 0.3630, the exchange rate registered a net change of 1.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3788 was down 4.21% compared to the 2022 peak of 0.3955, 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 1,894 QAR

2022 Average 1,798 QAR

Yearly Trough Low 1,732 QAR

Transaction Impact: A difference of 161.80 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3759

0.3510

JanuMarcMayJulySeptNove

MAD to QAR 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 0.3577, compared to 0.3623 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.3577

H2 Avg (Jul–Dec) 0.3623

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0187 QAR (High: 0.3773 / Low: 0.3586). On the other end, September was the most stable month, with a tight range of 0.0059 QAR (High: 0.3586 / Low: 0.3527).

August Spread (Volatile) ±0.0187

September Spread (Stable) ±0.0059

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0122 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0122

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.3739) against the same month in 2022 (average: 0.3574), the exchange rate shifted by +0.0165 (+4.61%).

2023 Avg (July) 0.3739

2022 Avg (July) 0.3574

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3621	0.3465	0.3562
February	0.3592	0.3494	0.3541
March	0.3591	0.3480	0.3531
April	0.3634	0.3561	0.3599
May	0.3652	0.3555	0.3603
June	0.3679	0.3569	0.3625
July	0.3788	0.3679	0.3739
August	0.3773	0.3586	0.3681
September	0.3586	0.3527	0.3559
October	0.3574	0.3514	0.3546
November	0.3626	0.3540	0.3582
December	0.3698	0.3576	0.3630