2023 SVC to MAD Historical Review

YEARLY HIGH

1.2020 MAD

YEARLY LOW

1.1007 MAD

YEARLY AVERAGE

1.1576 MAD

2023 SVC to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SVC to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 1.2020. Conversely, the yearly low was recorded on July 14, dropping to 1.1007.

This high-to-low spread represents a total annual volatility of 0.1013 MAD. From a start-to-finish perspective, comparing the January average rate of 1.1694 to the December average rate of 1.1464, the exchange rate registered a net change of -1.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.2020 was down 5.14% compared to the 2022 peak of 1.2670, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,010 MAD

2022 Average 5,805 MAD

Yearly Trough Low 5,503 MAD

Transaction Impact: A difference of 506.41 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1889

1.1074

JanuMarcMayJulySeptNove

SVC 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 1.1653, compared to 1.1499 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0154 points.

H1 Avg (Jan–Jun) 1.1653

H2 Avg (Jul–Dec) 1.1499

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0587 MAD (High: 1.1626 / Low: 1.1039). On the other end, October was the most stable month, with a tight range of 0.0189 MAD (High: 1.1851 / Low: 1.1663).

August Spread (Volatile) ±0.0587

October Spread (Stable) ±0.0189

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 0.0344 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0344

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.1694) against the same month in 2022 (average: 1.0619), the exchange rate shifted by +0.1075 (+10.12%).

2023 Avg (January) 1.1694

2022 Avg (January) 1.0619

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2020	1.1525	1.1694
February	1.1916	1.1590	1.1771
March	1.1952	1.1664	1.1821
April	1.1709	1.1319	1.1589
May	1.1708	1.1407	1.1556
June	1.1663	1.1310	1.1487
July	1.1310	1.1007	1.1142
August	1.1626	1.1039	1.1316
September	1.1796	1.1605	1.1696
October	1.1851	1.1663	1.1749
November	1.1776	1.1477	1.1625
December	1.1640	1.1243	1.1464