2023 MAD to SDG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MAD to SDG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MAD to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 62.6085. Conversely, the yearly low was recorded on November 20, dropping to 53.8543.
This high-to-low spread represents a total annual volatility of 8.7542 SDG. From a start-to-finish perspective, comparing the January average rate of 56.3837 to the December average rate of 59.8596, the exchange rate registered a net change of 6.16% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 62.6085 was up 12.39% compared to the 2022 peak of 55.7049, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MAD to SDG Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 58.0959, compared to 59.7527 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6568 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 5.9591 SDG (High: 59.8133 / Low: 53.8543). On the other end, September was the most stable month, with a tight range of 0.9753 SDG (High: 59.1906 / Low: 58.2153).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 1.9806 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 61.7279) against the same month in 2022 (average: 44.6038), the exchange rate shifted by +17.1240 (+38.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 57.8439 | 54.4857 | 56.3837 |
| February | 57.5430 | 56.4269 | 56.8498 |
| March | 58.2453 | 55.1632 | 57.0990 |
| April | 60.5325 | 56.6235 | 59.0287 |
| May | 60.1815 | 58.6362 | 59.3791 |
| June | 60.7760 | 58.9476 | 59.8348 |
| July | 62.6085 | 60.7760 | 61.7279 |
| August | 62.2560 | 59.1243 | 60.7461 |
| September | 59.1906 | 58.2153 | 58.7655 |
| October | 59.0375 | 57.9968 | 58.4967 |
| November | 59.8133 | 53.8543 | 58.9202 |
| December | 61.0524 | 58.9994 | 59.8596 |