2023 MAD to SYP Historical Review

YEARLY HIGH

261.5223 SYP

YEARLY LOW

238.9127 SYP

YEARLY AVERAGE

248.2547 SYP

2023 MAD to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 261.5223. Conversely, the yearly low was recorded on January 3, dropping to 238.9127.

This high-to-low spread represents a total annual volatility of 22.6096 SYP. From a start-to-finish perspective, comparing the January average rate of 245.5727 to the December average rate of 250.2481, the exchange rate registered a net change of 1.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 261.5223 was down 4.15% compared to the 2022 peak of 272.8350, 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 1,307,612 SYP

2022 Average 1,239,821 SYP

Yearly Trough Low 1,194,564 SYP

Transaction Impact: A difference of 113,048.00 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

259.5013

241.8121

JanuMarcMayJulySeptNove

MAD to SYP 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 246.5855, compared to 249.9239 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.3384 points.

H1 Avg (Jan–Jun) 246.5855

H2 Avg (Jul–Dec) 249.9239

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 13.0814 SYP (High: 260.0499 / Low: 246.9684). On the other end, September was the most stable month, with a tight range of 4.0774 SYP (High: 247.4511 / Low: 243.3738).

August Spread (Volatile) ±13.0814

September Spread (Stable) ±4.0774

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 8.2457 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -8.2457

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 258.0272) against the same month in 2022 (average: 245.5933), the exchange rate shifted by +12.4338 (+5.06%).

2023 Avg (July) 258.0272

2022 Avg (July) 245.5933

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	249.8642	238.9127	245.5727
February	247.7779	241.1126	243.9248
March	246.1452	240.1533	243.2862
April	253.6941	245.6822	248.0608
May	252.0132	245.3376	248.6152
June	253.8678	246.2841	250.0533
July	261.5223	253.8678	258.0272
August	260.0499	246.9684	253.8109
September	247.4511	243.3738	245.5652
October	246.6058	242.3489	244.5832
November	250.2628	243.9556	247.3087
December	255.2344	246.6518	250.2481