2023 NOK to MAD Historical Review

YEARLY HIGH

1.0672 MAD

YEARLY LOW

0.9093 MAD

YEARLY AVERAGE

0.9596 MAD

2023 NOK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.0672. Conversely, the yearly low was recorded on July 6, dropping to 0.9093.

This high-to-low spread represents a total annual volatility of 0.1579 MAD. From a start-to-finish perspective, comparing the January average rate of 1.0310 to the December average rate of 0.9554, the exchange rate registered a net change of -7.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0672 was down 5.50% compared to the 2022 peak of 1.1293, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,336 MAD

2022 Average 5,288 MAD

Yearly Trough Low 4,546 MAD

Transaction Impact: A difference of 789.33 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0409

0.9213

JanuMarcMayJulySeptNove

NOK 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 0.9745, compared to 0.9446 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0299 points.

H1 Avg (Jan–Jun) 0.9745

H2 Avg (Jul–Dec) 0.9446

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0661 MAD (High: 0.9754 / Low: 0.9093). On the other end, September was the most stable month, with a tight range of 0.0216 MAD (High: 0.9663 / Low: 0.9447).

July Spread (Volatile) ±0.0661

September Spread (Stable) ±0.0216

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 0.0293 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0293

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0310) against the same month in 2022 (average: 1.0496), the exchange rate shifted by -0.0186 (-1.77%).

2023 Avg (January) 1.0310

2022 Avg (January) 1.0496

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0672	1.0154	1.0310
February	1.0289	0.9924	1.0052
March	1.0005	0.9541	0.9803
April	0.9948	0.9307	0.9642
May	0.9562	0.9106	0.9349
June	0.9594	0.9145	0.9312
July	0.9754	0.9093	0.9474
August	0.9695	0.9219	0.9454
September	0.9663	0.9447	0.9537
October	0.9622	0.9175	0.9339
November	0.9492	0.9108	0.9319
December	0.9828	0.9208	0.9554