2023 QAR to MAD Historical Review

YEARLY HIGH

2.8863 MAD

YEARLY LOW

2.6397 MAD

YEARLY AVERAGE

2.7789 MAD

2023 QAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.8863. Conversely, the yearly low was recorded on July 15, dropping to 2.6397.

This high-to-low spread represents a total annual volatility of 0.2466 MAD. From a start-to-finish perspective, comparing the January average rate of 2.8081 to the December average rate of 2.7551, the exchange rate registered a net change of -1.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8863 was down 5.38% compared to the 2022 peak of 3.0504, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,431 MAD

2022 Average 13,941 MAD

Yearly Trough Low 13,199 MAD

Transaction Impact: A difference of 1,232.77 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8479

2.6592

JanuMarcMayJulySeptNove

QAR 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 2.7964, compared to 2.7614 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0350 points.

H1 Avg (Jan–Jun) 2.7964

H2 Avg (Jul–Dec) 2.7614

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.1379 MAD (High: 2.7885 / Low: 2.6506). On the other end, September was the most stable month, with a tight range of 0.0467 MAD (High: 2.8354 / Low: 2.7887).

August Spread (Volatile) ±0.1379

September Spread (Stable) ±0.0467

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 0.0840 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0840

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.8081) against the same month in 2022 (average: 2.5516), the exchange rate shifted by +0.2565 (+10.05%).

2023 Avg (January) 2.8081

2022 Avg (January) 2.5516

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8863	2.7618	2.8081
February	2.8620	2.7840	2.8246
March	2.8734	2.7844	2.8321
April	2.8080	2.7518	2.7786
May	2.8127	2.7382	2.7758
June	2.8019	2.7182	2.7590
July	2.7182	2.6397	2.6749
August	2.7885	2.6506	2.7170
September	2.8354	2.7887	2.8095
October	2.8461	2.7980	2.8199
November	2.8252	2.7582	2.7917
December	2.7966	2.7040	2.7551