2023 MXN to MAD Historical Review

YEARLY HIGH

0.6061 MAD

YEARLY LOW

0.5350 MAD

YEARLY AVERAGE

0.5714 MAD

2023 MXN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 28, valuing the pair at 0.6061. Conversely, the yearly low was recorded on February 6, dropping to 0.5350.

This high-to-low spread represents a total annual volatility of 0.0710 MAD. From a start-to-finish perspective, comparing the January average rate of 0.5396 to the December average rate of 0.5849, the exchange rate registered a net change of 8.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6061 was up 7.70% compared to the 2022 peak of 0.5627, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 30,303 MAD

2022 Average 25,288 MAD

Yearly Trough Low 26,752 MAD

Transaction Impact: A difference of 3,550.22 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5968

0.5344

JanuMarcMayJulySeptNove

MXN 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 0.5614, compared to 0.5813 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0199 points.

H1 Avg (Jan–Jun) 0.5614

H2 Avg (Jul–Dec) 0.5813

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0417 MAD (High: 0.5816 / Low: 0.5399). On the other end, January was the most stable month, with a tight range of 0.0099 MAD (High: 0.5455 / Low: 0.5355).

March Spread (Volatile) ±0.0417

January Spread (Stable) ±0.0099

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 September and October, when the average rate fell by 0.0236 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0236

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.5830) against the same month in 2022 (average: 0.5171), the exchange rate shifted by +0.0658 (+12.73%).

2023 Avg (August) 0.5830

2022 Avg (August) 0.5171

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5455	0.5355	0.5396
February	0.5680	0.5350	0.5540
March	0.5816	0.5399	0.5613
April	0.5675	0.5502	0.5606
May	0.5807	0.5574	0.5702
June	0.5884	0.5767	0.5827
July	0.5884	0.5671	0.5756
August	0.6061	0.5657	0.5830
September	0.6013	0.5774	0.5916
October	0.5906	0.5596	0.5680
November	0.5924	0.5745	0.5848
December	0.5912	0.5778	0.5849