2023 SAR to MAD Historical Review

YEARLY HIGH

2.7972 MAD

YEARLY LOW

2.5601 MAD

YEARLY AVERAGE

2.6987 MAD

2023 SAR to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.7972. Conversely, the yearly low was recorded on July 15, dropping to 2.5601.

This high-to-low spread represents a total annual volatility of 0.2371 MAD. From a start-to-finish perspective, comparing the January average rate of 2.7242 to the December average rate of 2.6770, the exchange rate registered a net change of -1.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7972 was down 5.14% compared to the 2022 peak of 2.9488, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,986 MAD

2022 Average 13,528 MAD

Yearly Trough Low 12,801 MAD

Transaction Impact: A difference of 1,185.42 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7661

2.5808

JanuMarcMayJulySeptNove

SAR 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 2.7159, compared to 2.6815 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0344 points.

H1 Avg (Jan–Jun) 2.7159

H2 Avg (Jul–Dec) 2.6815

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.1363 MAD (High: 2.7120 / Low: 2.5757). On the other end, September was the most stable month, with a tight range of 0.0456 MAD (High: 2.7525 / Low: 2.7069).

August Spread (Volatile) ±0.1363

September Spread (Stable) ±0.0456

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 0.0832 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0832

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.7242) against the same month in 2022 (average: 2.4756), the exchange rate shifted by +0.2486 (+10.04%).

2023 Avg (January) 2.7242

2022 Avg (January) 2.4756

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7972	2.6772	2.7242
February	2.7783	2.7022	2.7458
March	2.7870	2.7183	2.7506
April	2.7266	2.6405	2.7003
May	2.7309	2.6584	2.6949
June	2.7205	2.6386	2.6794
July	2.6386	2.5601	2.5962
August	2.7120	2.5757	2.6395
September	2.7525	2.7069	2.7281
October	2.7640	2.7164	2.7388
November	2.7454	2.6762	2.7093
December	2.7154	2.6252	2.6770