2023 MAD to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MAD to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MAD to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 2170.3684. Conversely, the yearly low was recorded on January 3, dropping to 1679.7385.
This high-to-low spread represents a total annual volatility of 490.6299 SLL. From a start-to-finish perspective, comparing the January average rate of 1726.5632 to the December average rate of 2088.5627, the exchange rate registered a net change of 20.97% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 2170.3684 was up 28.25% compared to the 2022 peak of 1692.2524, 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 SLL 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 1733.6840, compared to 2036.5990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 302.9150 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 381.9460 SLL (High: 2166.8303 / Low: 1784.8843). On the other end, September was the most stable month, with a tight range of 34.0295 SLL (High: 2065.2198 / Low: 2031.1902).
Growth Streaks & Declines
TrendsBetween March and August, 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 68.8184 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 2118.2985) against the same month in 2022 (average: 1320.8440), the exchange rate shifted by +797.4545 (+60.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1756.7354 | 1679.7385 | 1726.5632 |
| February | 1742.0673 | 1695.2053 | 1714.9769 |
| March | 1730.5886 | 1688.4607 | 1710.4872 |
| April | 1783.6628 | 1727.3329 | 1744.0566 |
| May | 1771.8449 | 1724.9105 | 1747.9544 |
| June | 1784.8843 | 1731.5648 | 1758.0654 |
| July | 2166.8303 | 1784.8843 | 1857.9377 |
| August | 2170.3684 | 2061.1912 | 2118.2985 |
| September | 2065.2198 | 2031.1902 | 2049.4801 |
| October | 2058.1647 | 2022.6365 | 2041.2839 |
| November | 2088.6859 | 2036.0462 | 2064.0310 |
| December | 2130.1789 | 2058.5488 | 2088.5627 |