YEARLY HIGH
5.8200 PHP
YEARLY LOW
5.2317 PHP
YEARLY AVERAGE
5.4949 PHP

2023 MAD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 8, valuing the pair at 5.8200. Conversely, the yearly low was recorded on February 5, dropping to 5.2317.

This high-to-low spread represents a total annual volatility of 0.5883 PHP. From a start-to-finish perspective, comparing the January average rate of 5.3687 to the December average rate of 5.5297, the exchange rate registered a net change of 3.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 5.8200 was up 4.45% compared to the 2022 peak of 5.5719, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 29,100 PHP
2022 Average 26,835 PHP
Yearly Trough Low 26,159 PHP
Transaction Impact: A difference of 2,941.44 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

5.7263
5.2605
JanuMarcMayJulySeptNove

MAD to PHP 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 5.4201, compared to 5.5696 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1495 points.

H1 Avg (Jan–Jun) 5.4201
H2 Avg (Jul–Dec) 5.5696

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.2916 PHP (High: 5.6019 / Low: 5.3103). On the other end, November was the most stable month, with a tight range of 0.0805 PHP (High: 5.5235 / Low: 5.4430).

April Spread (Volatile) ±0.2916
November Spread (Stable) ±0.0805

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.1368 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.1368

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 5.6875) against the same month in 2022 (average: 5.3650), the exchange rate shifted by +0.3225 (+6.01%).

2023 Avg (August) 5.6875
2022 Avg (August) 5.3650

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 5.4621 5.3179 5.3687
February 5.3826 5.2317 5.3251
March 5.3656 5.2345 5.2993
April 5.6019 5.3103 5.4553
May 5.6033 5.4330 5.5182
June 5.6249 5.4944 5.5540
July 5.7112 5.5522 5.6385
August 5.8200 5.5694 5.6875
September 5.6005 5.4886 5.5506
October 5.5649 5.4827 5.5272
November 5.5235 5.4430 5.4841
December 5.6455 5.4624 5.5297