2023 RON to MAD Historical Review

YEARLY HIGH

2.2824 MAD

YEARLY LOW

2.1413 MAD

YEARLY AVERAGE

2.2134 MAD

2023 RON to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 2.2824. Conversely, the yearly low was recorded on July 5, dropping to 2.1413.

This high-to-low spread represents a total annual volatility of 0.1411 MAD. From a start-to-finish perspective, comparing the January average rate of 2.2401 to the December average rate of 2.2061, the exchange rate registered a net change of -1.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2824 was down 0.26% compared to the 2022 peak of 2.2883, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,412 MAD

2022 Average 10,833 MAD

Yearly Trough Low 10,706 MAD

Transaction Impact: A difference of 705.53 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2561

2.1722

JanuMarcMayJulySeptNove

RON 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 2.2324, compared to 2.1945 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0379 points.

H1 Avg (Jan–Jun) 2.2324

H2 Avg (Jul–Dec) 2.1945

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0894 MAD (High: 2.2362 / Low: 2.1468). On the other end, November was the most stable month, with a tight range of 0.0419 MAD (High: 2.2317 / Low: 2.1898).

August Spread (Volatile) ±0.0894

November Spread (Stable) ±0.0419

Growth Streaks & Declines

Trends

Between July and September, 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 April and May, when the average rate fell by 0.0305 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0305

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.2456) against the same month in 2022 (average: 2.1537), the exchange rate shifted by +0.0919 (+4.27%).

2023 Avg (February) 2.2456

2022 Avg (February) 2.1537

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2651	2.2026	2.2401
February	2.2824	2.2310	2.2456
March	2.2784	2.2125	2.2447
April	2.2718	2.2135	2.2491
May	2.2494	2.1911	2.2185
June	2.2224	2.1749	2.1963
July	2.2122	2.1413	2.1792
August	2.2362	2.1468	2.1854
September	2.2286	2.1731	2.1997
October	2.2167	2.1607	2.1850
November	2.2317	2.1898	2.2114
December	2.2361	2.1900	2.2061