2023 TJS to MAD Historical Review

YEARLY HIGH

1.0448 MAD

YEARLY LOW

0.8800 MAD

YEARLY AVERAGE

0.9380 MAD

2023 TJS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TJS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 9, valuing the pair at 1.0448. Conversely, the yearly low was recorded on July 14, dropping to 0.8800.

This high-to-low spread represents a total annual volatility of 0.1648 MAD. From a start-to-finish perspective, comparing the January average rate of 1.0001 to the December average rate of 0.9179, the exchange rate registered a net change of -8.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0448 was down 7.40% compared to the 2022 peak of 1.1283, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,224 MAD

2022 Average 4,683 MAD

Yearly Trough Low 4,400 MAD

Transaction Impact: A difference of 824.18 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0110

0.8803

JanuMarcMayJulySeptNove

TJS 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 0.9577, compared to 0.9182 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0396 points.

H1 Avg (Jan–Jun) 0.9577

H2 Avg (Jul–Dec) 0.9182

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1102 MAD (High: 1.0448 / Low: 0.9346). On the other end, October was the most stable month, with a tight range of 0.0150 MAD (High: 0.9440 / Low: 0.9290).

March Spread (Volatile) ±0.1102

October Spread (Stable) ±0.0150

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 0.0515 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0515

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.9802) against the same month in 2022 (average: 0.7851), the exchange rate shifted by +0.1951 (+24.84%).

2023 Avg (March) 0.9802

2022 Avg (March) 0.7851

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0315	0.9853	1.0001
February	1.0407	0.9628	0.9917
March	1.0448	0.9346	0.9802
April	0.9370	0.9066	0.9286
May	0.9381	0.9140	0.9257
June	0.9342	0.9054	0.9201
July	0.9054	0.8800	0.8912
August	0.9260	0.8809	0.9021
September	0.9400	0.9248	0.9317
October	0.9440	0.9290	0.9366
November	0.9407	0.9184	0.9294
December	0.9328	0.9017	0.9179