2023 MAD to UZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MAD to UZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MAD to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1256.2722. Conversely, the yearly low was recorded on January 3, dropping to 1069.9426.
This high-to-low spread represents a total annual volatility of 186.3296 UZS. From a start-to-finish perspective, comparing the January average rate of 1104.8243 to the December average rate of 1230.4624, the exchange rate registered a net change of 11.37% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1256.2722 was up 5.71% compared to the 2022 peak of 1188.3890, 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 UZS 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 1117.8750, compared to 1201.4784 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 83.6033 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 57.5740 UZS (High: 1235.6735 / Low: 1178.0994). On the other end, September was the most stable month, with a tight range of 16.4593 UZS (High: 1197.6139 / Low: 1181.1546).
Growth Streaks & Declines
TrendsBetween February and August, 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 14.5733 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 1230.4624) against the same month in 2022 (average: 1069.9862), the exchange rate shifted by +160.4763 (+15.00%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1122.8992 | 1069.9426 | 1104.8243 |
| February | 1114.3708 | 1088.4658 | 1100.7280 |
| March | 1120.3456 | 1089.3037 | 1102.0920 |
| April | 1152.5905 | 1114.7719 | 1126.0982 |
| May | 1146.5724 | 1116.0076 | 1132.1946 |
| June | 1165.5047 | 1121.4731 | 1141.3131 |
| July | 1202.1514 | 1165.5047 | 1188.6573 |
| August | 1235.6735 | 1178.0994 | 1203.6261 |
| September | 1197.6139 | 1181.1546 | 1189.0528 |
| October | 1199.3978 | 1174.5270 | 1189.0896 |
| November | 1227.6427 | 1189.1281 | 1207.9819 |
| December | 1256.2722 | 1212.0836 | 1230.4624 |