2023 MAD to XOF Historical Review

YEARLY HIGH

61.8933 XOF

YEARLY LOW

58.2811 XOF

YEARLY AVERAGE

59.8846 XOF

2023 MAD to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 5, valuing the pair at 61.8933. Conversely, the yearly low was recorded on April 14, dropping to 58.2811.

This high-to-low spread represents a total annual volatility of 3.6122 XOF. From a start-to-finish perspective, comparing the January average rate of 59.4297 to the December average rate of 59.8106, the exchange rate registered a net change of 0.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 61.8933 was down 3.36% compared to the 2022 peak of 64.0443, 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 309,466 XOF

2022 Average 307,161 XOF

Yearly Trough Low 291,405 XOF

Transaction Impact: A difference of 18,061.04 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

61.1186

58.7366

JanuMarcMayJulySeptNove

MAD to XOF 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 59.5009, compared to 60.2682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7673 points.

H1 Avg (Jan–Jun) 59.5009

H2 Avg (Jul–Dec) 60.2682

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 2.3616 XOF (High: 61.7335 / Low: 59.3719). On the other end, November was the most stable month, with a tight range of 1.1763 XOF (High: 60.2915 / Low: 59.1152).

August Spread (Volatile) ±2.3616

November Spread (Stable) ±1.1763

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.7656 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7656

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 60.9201) against the same month in 2022 (average: 62.8848), the exchange rate shifted by -1.9647 (-3.12%).

2023 Avg (July) 60.9201

2022 Avg (July) 62.8848

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	60.2400	58.6568	59.4297
February	59.9368	58.5455	59.5040
March	60.1439	58.5272	59.2779
April	59.9647	58.2811	58.9351
May	60.4656	58.5589	59.6592
June	60.7492	59.4948	60.1998
July	61.8933	60.0004	60.9201
August	61.7335	59.3719	60.7342
September	60.7456	59.4830	60.0380
October	61.1231	59.5374	60.4360
November	60.2915	59.1152	59.6705
December	60.2886	58.9632	59.8106