2023 PEN to MAD Historical Review

YEARLY HIGH

2.7898 MAD

YEARLY LOW

2.5986 MAD

YEARLY AVERAGE

2.7071 MAD

2023 PEN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 26, valuing the pair at 2.7898. Conversely, the yearly low was recorded on January 26, dropping to 2.5986.

This high-to-low spread represents a total annual volatility of 0.1911 MAD. From a start-to-finish perspective, comparing the January average rate of 2.6767 to the December average rate of 2.6875, the exchange rate registered a net change of 0.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7898 was down 0.84% compared to the 2022 peak of 2.8134, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,949 MAD

2022 Average 13,250 MAD

Yearly Trough Low 12,993 MAD

Transaction Impact: A difference of 955.71 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7641

2.6681

JanuMarcMayJulySeptNove

PEN 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 2.7152, compared to 2.6991 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0162 points.

H1 Avg (Jan–Jun) 2.7152

H2 Avg (Jul–Dec) 2.6991

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1618 MAD (High: 2.7604 / Low: 2.5986). On the other end, April was the most stable month, with a tight range of 0.0454 MAD (High: 2.7188 / Low: 2.6734).

January Spread (Volatile) ±0.1618

April Spread (Stable) ±0.0454

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 0.0716 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0716

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.7438) against the same month in 2022 (average: 2.6647), the exchange rate shifted by +0.0790 (+2.97%).

2023 Avg (May) 2.7438

2022 Avg (May) 2.6647

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7604	2.5986	2.6767
February	2.7407	2.6340	2.6844
March	2.7614	2.7102	2.7344
April	2.7188	2.6734	2.6961
May	2.7898	2.6938	2.7438
June	2.7795	2.7217	2.7561
July	2.7360	2.6847	2.7062
August	2.7522	2.6242	2.6821
September	2.7676	2.7054	2.7477
October	2.7291	2.6571	2.6761
November	2.7263	2.6224	2.6946
December	2.7169	2.6663	2.6875