2023 MWK to MAD Historical Review

YEARLY HIGH

0.0103 MAD

YEARLY LOW

0.0058 MAD

YEARLY AVERAGE

0.0092 MAD

2023 MWK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 9, valuing the pair at 0.0103. Conversely, the yearly low was recorded on December 27, dropping to 0.0058.

This high-to-low spread represents a total annual volatility of 0.0044 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0100 to the December average rate of 0.0060, the exchange rate registered a net change of -40.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0103 was down 17.33% compared to the 2022 peak of 0.0124, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 51 MAD

2022 Average 55 MAD

Yearly Trough Low 29 MAD

Transaction Impact: A difference of 22.15 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0105

0.0056

JanuMarcMayJulySeptNove

MWK 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 0.0099, compared to 0.0084 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0099

H2 Avg (Jul–Dec) 0.0084

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0032 MAD (High: 0.0092 / Low: 0.0060). On the other end, December was the most stable month, with a tight range of 0.0002 MAD (High: 0.0061 / Low: 0.0058).

November Spread (Volatile) ±0.0032

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0016 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0101) against the same month in 2022 (average: 0.0120), the exchange rate shifted by -0.0019 (-16.16%).

2023 Avg (March) 0.0101

2022 Avg (March) 0.0120

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0103	0.0098	0.0100
February	0.0102	0.0099	0.0100
March	0.0103	0.0099	0.0101
April	0.0100	0.0096	0.0099
May	0.0100	0.0097	0.0099
June	0.0100	0.0094	0.0098
July	0.0094	0.0091	0.0093
August	0.0094	0.0090	0.0092
September	0.0097	0.0092	0.0094
October	0.0095	0.0088	0.0090
November	0.0092	0.0060	0.0074
December	0.0061	0.0058	0.0060