2023 SRD to MAD Historical Review

YEARLY HIGH

0.3327 MAD

YEARLY LOW

0.2518 MAD

YEARLY AVERAGE

0.2779 MAD

2023 SRD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.3327. Conversely, the yearly low was recorded on July 28, dropping to 0.2518.

This high-to-low spread represents a total annual volatility of 0.0809 MAD. From a start-to-finish perspective, comparing the January average rate of 0.3217 to the December average rate of 0.2687, the exchange rate registered a net change of -16.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3327 was down 31.59% compared to the 2022 peak of 0.4864, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,664 MAD

2022 Average 2,133 MAD

Yearly Trough Low 1,259 MAD

Transaction Impact: A difference of 404.51 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3282

0.2498

JanuMarcMayJulySeptNove

SRD 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 0.2912, compared to 0.2646 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0266 points.

H1 Avg (Jan–Jun) 0.2912

H2 Avg (Jul–Dec) 0.2646

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0272 MAD (High: 0.3104 / Low: 0.2832). On the other end, November was the most stable month, with a tight range of 0.0055 MAD (High: 0.2701 / Low: 0.2646).

March Spread (Volatile) ±0.0272

November Spread (Stable) ±0.0055

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 March and April, when the average rate fell by 0.0233 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0233

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3217) against the same month in 2022 (average: 0.4392), the exchange rate shifted by -0.1175 (-26.76%).

2023 Avg (January) 0.3217

2022 Avg (January) 0.4392

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3327	0.3141	0.3217
February	0.3183	0.3069	0.3140
March	0.3104	0.2832	0.2987
April	0.2860	0.2655	0.2755
May	0.2746	0.2651	0.2707
June	0.2732	0.2598	0.2666
July	0.2649	0.2518	0.2563
August	0.2657	0.2522	0.2587
September	0.2702	0.2637	0.2672
October	0.2724	0.2669	0.2693
November	0.2701	0.2646	0.2675
December	0.2722	0.2663	0.2687