2023 SEK to MAD Historical Review

YEARLY HIGH

1.0023 MAD

YEARLY LOW

0.8915 MAD

YEARLY AVERAGE

0.9547 MAD

2023 SEK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.0023. Conversely, the yearly low was recorded on July 5, dropping to 0.8915.

This high-to-low spread represents a total annual volatility of 0.1109 MAD. From a start-to-finish perspective, comparing the January average rate of 0.9848 to the December average rate of 0.9804, the exchange rate registered a net change of -0.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0023 was down 4.06% compared to the 2022 peak of 1.0447, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,012 MAD

2022 Average 5,023 MAD

Yearly Trough Low 4,457 MAD

Transaction Impact: A difference of 554.36 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9923

0.9068

JanuMarcMayJulySeptNove

SEK 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 0.9717, compared to 0.9376 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0341 points.

H1 Avg (Jan–Jun) 0.9717

H2 Avg (Jul–Dec) 0.9376

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0623 MAD (High: 0.9538 / Low: 0.8915). On the other end, April was the most stable month, with a tight range of 0.0299 MAD (High: 0.9949 / Low: 0.9650).

July Spread (Volatile) ±0.0623

April Spread (Stable) ±0.0299

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0308 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0308

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.9848) against the same month in 2022 (average: 1.0152), the exchange rate shifted by -0.0304 (-2.99%).

2023 Avg (January) 0.9848

2022 Avg (January) 1.0152

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0023	0.9666	0.9848
February	1.0012	0.9644	0.9852
March	1.0010	0.9597	0.9829
April	0.9949	0.9650	0.9789
May	0.9847	0.9371	0.9646
June	0.9499	0.9146	0.9338
July	0.9538	0.8915	0.9253
August	0.9329	0.8967	0.9139
September	0.9448	0.9074	0.9225
October	0.9468	0.9151	0.9319
November	0.9736	0.9221	0.9518
December	0.9935	0.9633	0.9804