2023 MAD to SAR Historical Review

YEARLY HIGH

0.3906 SAR

YEARLY LOW

0.3575 SAR

YEARLY AVERAGE

0.3707 SAR

2023 MAD to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.3906. Conversely, the yearly low was recorded on January 3, dropping to 0.3575.

This high-to-low spread represents a total annual volatility of 0.0331 SAR. From a start-to-finish perspective, comparing the January average rate of 0.3671 to the December average rate of 0.3736, the exchange rate registered a net change of 1.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3906 was down 4.17% compared to the 2022 peak of 0.4076, 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 1,953 SAR

2022 Average 1,853 SAR

Yearly Trough Low 1,787 SAR

Transaction Impact: A difference of 165.53 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3874

0.3614

JanuMarcMayJulySeptNove

MAD to SAR 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 0.3683, compared to 0.3731 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0048 points.

H1 Avg (Jan–Jun) 0.3683

H2 Avg (Jul–Dec) 0.3731

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0195 SAR (High: 0.3882 / Low: 0.3687). On the other end, September was the most stable month, with a tight range of 0.0061 SAR (High: 0.3694 / Low: 0.3633).

August Spread (Volatile) ±0.0195

September Spread (Stable) ±0.0061

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 0.0124 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0124

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.3852) against the same month in 2022 (average: 0.3670), the exchange rate shifted by +0.0181 (+4.94%).

2023 Avg (July) 0.3852

2022 Avg (July) 0.3670

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3735	0.3575	0.3671
February	0.3701	0.3599	0.3642
March	0.3679	0.3588	0.3636
April	0.3787	0.3668	0.3703
May	0.3762	0.3662	0.3711
June	0.3790	0.3676	0.3733
July	0.3906	0.3790	0.3852
August	0.3882	0.3687	0.3789
September	0.3694	0.3633	0.3666
October	0.3681	0.3618	0.3651
November	0.3737	0.3642	0.3691
December	0.3809	0.3683	0.3736