2023 MAD to SGD Historical Review

YEARLY HIGH

0.1390 SGD

YEARLY LOW

0.1279 SGD

YEARLY AVERAGE

0.1327 SGD

2023 MAD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 8, valuing the pair at 0.1390. Conversely, the yearly low was recorded on January 3, dropping to 0.1279.

This high-to-low spread represents a total annual volatility of 0.0111 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1295 to the December average rate of 0.1326, the exchange rate registered a net change of 2.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1390 was down 5.26% compared to the 2022 peak of 0.1467, 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 695 SGD

2022 Average 680 SGD

Yearly Trough Low 640 SGD

Transaction Impact: A difference of 55.38 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1379

0.1286

JanuMarcMayJulySeptNove

MAD to SGD 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 0.1311, compared to 0.1342 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 0.1311

H2 Avg (Jul–Dec) 0.1342

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0059 SGD (High: 0.1390 / Low: 0.1331). On the other end, November was the most stable month, with a tight range of 0.0014 SGD (High: 0.1334 / Low: 0.1319).

August Spread (Volatile) ±0.0059

November Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0032 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.1365) against the same month in 2022 (average: 0.1330), the exchange rate shifted by +0.0035 (+2.61%).

2023 Avg (August) 0.1365

2022 Avg (August) 0.1330

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1312	0.1279	0.1295
February	0.1303	0.1283	0.1294
March	0.1314	0.1290	0.1298
April	0.1348	0.1296	0.1315
May	0.1343	0.1317	0.1326
June	0.1366	0.1321	0.1340
July	0.1388	0.1349	0.1371
August	0.1390	0.1331	0.1365
September	0.1344	0.1323	0.1332
October	0.1343	0.1316	0.1333
November	0.1334	0.1319	0.1327
December	0.1341	0.1308	0.1326