2023 PKR to MAD Historical Review

YEARLY HIGH

0.0463 MAD

YEARLY LOW

0.0331 MAD

YEARLY AVERAGE

0.0364 MAD

2023 PKR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0463. Conversely, the yearly low was recorded on September 9, dropping to 0.0331.

This high-to-low spread represents a total annual volatility of 0.0133 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0439 to the December average rate of 0.0356, the exchange rate registered a net change of -18.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0463 was down 16.97% compared to the 2022 peak of 0.0558, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 23,172 MAD

2022 Average 24,964 MAD

Yearly Trough Low 16,527 MAD

Transaction Impact: A difference of 6,645.05 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0449

0.0327

JanuMarcMayJulySeptNove

PKR 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 0.0376, compared to 0.0351 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0376

H2 Avg (Jul–Dec) 0.0351

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0082 MAD (High: 0.0463 / Low: 0.0381). On the other end, June was the most stable month, with a tight range of 0.0012 MAD (High: 0.0357 / Low: 0.0345).

January Spread (Volatile) ±0.0082

June Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between August and October, 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 January and February, when the average rate fell by 0.0051 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0439) against the same month in 2022 (average: 0.0526), the exchange rate shifted by -0.0087 (-16.62%).

2023 Avg (January) 0.0439

2022 Avg (January) 0.0526

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0463	0.0381	0.0439
February	0.0409	0.0372	0.0388
March	0.0396	0.0360	0.0369
April	0.0364	0.0349	0.0357
May	0.0358	0.0341	0.0354
June	0.0357	0.0345	0.0351
July	0.0357	0.0337	0.0346
August	0.0347	0.0331	0.0337
September	0.0359	0.0331	0.0344
October	0.0374	0.0356	0.0368
November	0.0367	0.0351	0.0358
December	0.0361	0.0349	0.0356