2023 MOP to MAD Historical Review

YEARLY HIGH

1.3067 MAD

YEARLY LOW

1.1964 MAD

YEARLY AVERAGE

1.2560 MAD

2023 MOP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 1.3067. Conversely, the yearly low was recorded on July 14, dropping to 1.1964.

This high-to-low spread represents a total annual volatility of 0.1103 MAD. From a start-to-finish perspective, comparing the January average rate of 1.2705 to the December average rate of 1.2468, the exchange rate registered a net change of -1.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.3067 was down 4.70% compared to the 2022 peak of 1.3712, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MOP based on timing:

Yearly Peak High 6,533 MAD

2022 Average 6,298 MAD

Yearly Trough Low 5,982 MAD

Transaction Impact: A difference of 551.40 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2862

1.2039

JanuMarcMayJulySeptNove

MOP to MAD 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 1.2627, compared to 1.2492 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0135 points.

H1 Avg (Jan–Jun) 1.2627

H2 Avg (Jul–Dec) 1.2492

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0581 MAD (High: 1.2588 / Low: 1.2008). On the other end, October was the most stable month, with a tight range of 0.0191 MAD (High: 1.2856 / Low: 1.2666).

August Spread (Volatile) ±0.0581

October Spread (Stable) ±0.0191

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.0350 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0350

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.2705) against the same month in 2022 (average: 1.1577), the exchange rate shifted by +0.1128 (+9.74%).

2023 Avg (January) 1.2705

2022 Avg (January) 1.1577

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3067	1.2534	1.2705
February	1.2898	1.2553	1.2744
March	1.2934	1.2624	1.2794
April	1.2654	1.2249	1.2540
May	1.2698	1.2321	1.2523
June	1.2635	1.2260	1.2458
July	1.2264	1.1964	1.2108
August	1.2588	1.2008	1.2285
September	1.2810	1.2584	1.2689
October	1.2856	1.2666	1.2753
November	1.2788	1.2495	1.2650
December	1.2655	1.2219	1.2468