2023 PGK to MAD Historical Review

YEARLY HIGH

2.9840 MAD

YEARLY LOW

2.6227 MAD

YEARLY AVERAGE

2.8128 MAD

2023 PGK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.9840. Conversely, the yearly low was recorded on December 30, dropping to 2.6227.

This high-to-low spread represents a total annual volatility of 0.3614 MAD. From a start-to-finish perspective, comparing the January average rate of 2.9046 to the December average rate of 2.6843, the exchange rate registered a net change of -7.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9840 was down 5.21% compared to the 2022 peak of 3.1481, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,920 MAD

2022 Average 14,403 MAD

Yearly Trough Low 13,113 MAD

Transaction Impact: A difference of 1,806.81 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9574

2.6595

JanuMarcMayJulySeptNove

PGK 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 2.8864, compared to 2.7393 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1471 points.

H1 Avg (Jan–Jun) 2.8864

H2 Avg (Jul–Dec) 2.7393

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1512 MAD (High: 2.8116 / Low: 2.6605). On the other end, May was the most stable month, with a tight range of 0.0782 MAD (High: 2.9067 / Low: 2.8284).

July Spread (Volatile) ±0.1512

May Spread (Stable) ±0.0782

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 June and July, when the average rate fell by 0.1012 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.9046) against the same month in 2022 (average: 2.6368), the exchange rate shifted by +0.2677 (+10.15%).

2023 Avg (January) 2.9046

2022 Avg (January) 2.6368

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9840	2.8634	2.9046
February	2.9594	2.8767	2.9190
March	2.9691	2.8814	2.9326
April	2.9045	2.8096	2.8726
May	2.9067	2.8284	2.8613
June	2.8976	2.7607	2.8282
July	2.8116	2.6605	2.7270
August	2.8202	2.6691	2.7371
September	2.8615	2.7699	2.8075
October	2.8265	2.7334	2.7716
November	2.7732	2.6646	2.7082
December	2.7270	2.6227	2.6843