2023 SYP to MAD Historical Review

YEARLY HIGH

0.0042 MAD

YEARLY LOW

0.0038 MAD

YEARLY AVERAGE

0.0040 MAD

2023 SYP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SYP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0042. Conversely, the yearly low was recorded on July 16, dropping to 0.0038.

This high-to-low spread represents a total annual volatility of 0.0004 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0041 to the December average rate of 0.0040, the exchange rate registered a net change of -1.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0042 was down 5.31% compared to the 2022 peak of 0.0044, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 21 MAD

2022 Average 20 MAD

Yearly Trough Low 19 MAD

Transaction Impact: A difference of 1.81 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0041

0.0039

JanuMarcMayJulySeptNove

SYP 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 0.0041, compared to 0.0040 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0041

H2 Avg (Jul–Dec) 0.0040

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0002 MAD (High: 0.0040 / Low: 0.0038). On the other end, September was the most stable month, with a tight range of 0.0001 MAD (High: 0.0041 / Low: 0.0040).

August Spread (Volatile) ±0.0002

September Spread (Stable) ±0.0001

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 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0041) against the same month in 2022 (average: 0.0037), the exchange rate shifted by +0.0004 (+10.13%).

2023 Avg (January) 0.0041

2022 Avg (January) 0.0037

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0042	0.0040	0.0041
February	0.0041	0.0040	0.0041
March	0.0042	0.0041	0.0041
April	0.0041	0.0039	0.0040
May	0.0041	0.0040	0.0040
June	0.0041	0.0039	0.0040
July	0.0039	0.0038	0.0039
August	0.0040	0.0038	0.0039
September	0.0041	0.0040	0.0041
October	0.0041	0.0041	0.0041
November	0.0041	0.0040	0.0040
December	0.0041	0.0039	0.0040