2023 NAD to MAD Historical Review

YEARLY HIGH

0.6186 MAD

YEARLY LOW

0.5009 MAD

YEARLY AVERAGE

0.5480 MAD

2023 NAD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.6186. Conversely, the yearly low was recorded on August 14, dropping to 0.5009.

This high-to-low spread represents a total annual volatility of 0.1177 MAD. From a start-to-finish perspective, comparing the January average rate of 0.5992 to the December average rate of 0.5375, the exchange rate registered a net change of -10.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6186 was down 8.16% compared to the 2022 peak of 0.6736, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,093 MAD

2022 Average 3,119 MAD

Yearly Trough Low 2,505 MAD

Transaction Impact: A difference of 588.56 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6065

0.5182

JanuMarcMayJulySeptNove

NAD 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 0.5607, compared to 0.5353 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0254 points.

H1 Avg (Jan–Jun) 0.5607

H2 Avg (Jul–Dec) 0.5353

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0482 MAD (High: 0.5590 / Low: 0.5108). On the other end, September was the most stable month, with a tight range of 0.0155 MAD (High: 0.5453 / Low: 0.5298).

November Spread (Volatile) ±0.0482

September Spread (Stable) ±0.0155

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0276 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0276

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5992) against the same month in 2022 (average: 0.5994), the exchange rate shifted by -0.0002 (-0.04%).

2023 Avg (January) 0.5992

2022 Avg (January) 0.5994

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6186	0.5888	0.5992
February	0.6016	0.5644	0.5764
March	0.5727	0.5544	0.5651
April	0.5739	0.5412	0.5573
May	0.5482	0.5154	0.5298
June	0.5529	0.5157	0.5367
July	0.5520	0.5158	0.5339
August	0.5487	0.5009	0.5255
September	0.5453	0.5298	0.5393
October	0.5466	0.5086	0.5337
November	0.5590	0.5108	0.5421
December	0.5544	0.5291	0.5375