2023 THB to MAD Historical Review

YEARLY HIGH

0.3125 MAD

YEARLY LOW

0.2758 MAD

YEARLY AVERAGE

0.2914 MAD

2023 THB to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.3125. Conversely, the yearly low was recorded on October 6, dropping to 0.2758.

This high-to-low spread represents a total annual volatility of 0.0367 MAD. From a start-to-finish perspective, comparing the January average rate of 0.3082 to the December average rate of 0.2877, the exchange rate registered a net change of -6.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3125 was up 2.41% compared to the 2022 peak of 0.3051, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 78,124 MAD

2022 Average 72,495 MAD

Yearly Trough Low 68,940 MAD

Transaction Impact: A difference of 9,184.54 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3109

0.2786

JanuMarcMayJulySeptNove

THB 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 0.2985, compared to 0.2843 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0142 points.

H1 Avg (Jan–Jun) 0.2985

H2 Avg (Jul–Dec) 0.2843

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0157 MAD (High: 0.3108 / Low: 0.2950). On the other end, May was the most stable month, with a tight range of 0.0065 MAD (High: 0.2995 / Low: 0.2929).

February Spread (Volatile) ±0.0157

May Spread (Stable) ±0.0065

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0075 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3082) against the same month in 2022 (average: 0.2796), the exchange rate shifted by +0.0286 (+10.22%).

2023 Avg (January) 0.3082

2022 Avg (January) 0.2796

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3125	0.3019	0.3082
February	0.3108	0.2950	0.3024
March	0.3049	0.2967	0.3001
April	0.3006	0.2901	0.2964
May	0.2995	0.2929	0.2957
June	0.2940	0.2787	0.2883
July	0.2877	0.2770	0.2813
August	0.2897	0.2768	0.2826
September	0.2918	0.2815	0.2858
October	0.2865	0.2758	0.2816
November	0.2898	0.2829	0.2868
December	0.2911	0.2845	0.2877