2023 NPR to MAD Historical Review

YEARLY HIGH

0.0798 MAD

YEARLY LOW

0.0732 MAD

YEARLY AVERAGE

0.0767 MAD

2023 NPR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.0798. Conversely, the yearly low was recorded on August 8, dropping to 0.0732.

This high-to-low spread represents a total annual volatility of 0.0066 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0782 to the December average rate of 0.0753, the exchange rate registered a net change of -3.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0798 was down 6.36% compared to the 2022 peak of 0.0852, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 399 MAD

2022 Average 404 MAD

Yearly Trough Low 366 MAD

Transaction Impact: A difference of 33.14 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0790

0.0737

JanuMarcMayJulySeptNove

NPR 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 0.0775, compared to 0.0758 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0775

H2 Avg (Jul–Dec) 0.0758

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0037 MAD (High: 0.0769 / Low: 0.0732). On the other end, October was the most stable month, with a tight range of 0.0012 MAD (High: 0.0778 / Low: 0.0766).

August Spread (Volatile) ±0.0037

October Spread (Stable) ±0.0012

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 June and July, when the average rate fell by 0.0023 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0785) against the same month in 2022 (average: 0.0798), the exchange rate shifted by -0.0013 (-1.64%).

2023 Avg (March) 0.0785

2022 Avg (March) 0.0798

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0793	0.0775	0.0782
February	0.0787	0.0771	0.0779
March	0.0798	0.0777	0.0785
April	0.0779	0.0757	0.0773
May	0.0774	0.0760	0.0768
June	0.0774	0.0754	0.0764
July	0.0754	0.0733	0.0741
August	0.0769	0.0732	0.0747
September	0.0778	0.0764	0.0770
October	0.0778	0.0766	0.0772
November	0.0773	0.0754	0.0763
December	0.0763	0.0738	0.0753