2023 RSD to MAD Historical Review

YEARLY HIGH

0.0956 MAD

YEARLY LOW

0.0904 MAD

YEARLY AVERAGE

0.0934 MAD

2023 RSD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.0956. Conversely, the yearly low was recorded on July 5, dropping to 0.0904.

This high-to-low spread represents a total annual volatility of 0.0052 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0940 to the December average rate of 0.0936, the exchange rate registered a net change of -0.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0956 was up 0.07% compared to the 2022 peak of 0.0955, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 478 MAD

2022 Average 455 MAD

Yearly Trough Low 452 MAD

Transaction Impact: A difference of 25.81 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0950

0.0916

JanuMarcMayJulySeptNove

RSD 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 0.0939, compared to 0.0928 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0939

H2 Avg (Jul–Dec) 0.0928

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0036 MAD (High: 0.0942 / Low: 0.0906). On the other end, November was the most stable month, with a tight range of 0.0017 MAD (High: 0.0946 / Low: 0.0928).

August Spread (Volatile) ±0.0036

November Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between February and April, 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 0.0011 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.0947) against the same month in 2022 (average: 0.0902), the exchange rate shifted by +0.0045 (+5.03%).

2023 Avg (April) 0.0947

2022 Avg (April) 0.0902

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0954	0.0930	0.0940
February	0.0954	0.0933	0.0940
March	0.0955	0.0937	0.0943
April	0.0956	0.0930	0.0947
May	0.0945	0.0922	0.0936
June	0.0941	0.0920	0.0929
July	0.0933	0.0904	0.0919
August	0.0942	0.0906	0.0921
September	0.0940	0.0921	0.0931
October	0.0940	0.0914	0.0926
November	0.0946	0.0928	0.0938
December	0.0949	0.0928	0.0936