2023 MUR to MAD Historical Review

YEARLY HIGH

0.2391 MAD

YEARLY LOW

0.2110 MAD

YEARLY AVERAGE

0.2245 MAD

2023 MUR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.2391. Conversely, the yearly low was recorded on July 23, dropping to 0.2110.

This high-to-low spread represents a total annual volatility of 0.0280 MAD. From a start-to-finish perspective, comparing the January average rate of 0.2319 to the December average rate of 0.2275, the exchange rate registered a net change of -1.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2391 was down 5.00% compared to the 2022 peak of 0.2516, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,195 MAD

2022 Average 1,148 MAD

Yearly Trough Low 1,055 MAD

Transaction Impact: A difference of 140.24 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2337

0.2119

JanuMarcMayJulySeptNove

MUR 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 0.2244, compared to 0.2246 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.2244

H2 Avg (Jul–Dec) 0.2246

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0137 MAD (High: 0.2391 / Low: 0.2253). On the other end, October was the most stable month, with a tight range of 0.0042 MAD (High: 0.2345 / Low: 0.2303).

January Spread (Volatile) ±0.0137

October Spread (Stable) ±0.0042

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 January and February, when the average rate fell by 0.0066 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0066

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2319) against the same month in 2022 (average: 0.2128), the exchange rate shifted by +0.0191 (+8.99%).

2023 Avg (January) 0.2319

2022 Avg (January) 0.2128

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2391	0.2253	0.2319
February	0.2302	0.2226	0.2253
March	0.2250	0.2193	0.2223
April	0.2264	0.2203	0.2244
May	0.2251	0.2198	0.2225
June	0.2241	0.2154	0.2202
July	0.2175	0.2110	0.2137
August	0.2240	0.2117	0.2177
September	0.2320	0.2183	0.2275
October	0.2345	0.2303	0.2318
November	0.2327	0.2259	0.2298
December	0.2307	0.2205	0.2275