2023 TWD to MAD Historical Review

YEARLY HIGH

0.3429 MAD

YEARLY LOW

0.3046 MAD

YEARLY AVERAGE

0.3253 MAD

2023 TWD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.3429. Conversely, the yearly low was recorded on August 8, dropping to 0.3046.

This high-to-low spread represents a total annual volatility of 0.0383 MAD. From a start-to-finish perspective, comparing the January average rate of 0.3367 to the December average rate of 0.3217, the exchange rate registered a net change of -4.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3429 was down 2.69% compared to the 2022 peak of 0.3524, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,715 MAD

2022 Average 1,705 MAD

Yearly Trough Low 1,523 MAD

Transaction Impact: A difference of 191.50 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3432

0.3083

JanuMarcMayJulySeptNove

TWD 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 0.3336, compared to 0.3169 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0167 points.

H1 Avg (Jan–Jun) 0.3336

H2 Avg (Jul–Dec) 0.3169

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0150 MAD (High: 0.3326 / Low: 0.3176). On the other end, February was the most stable month, with a tight range of 0.0040 MAD (High: 0.3423 / Low: 0.3383).

June Spread (Volatile) ±0.0150

February Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between October and December, 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 June and July, when the average rate fell by 0.0139 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0139

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3367) against the same month in 2022 (average: 0.3360), the exchange rate shifted by +0.0007 (+0.22%).

2023 Avg (January) 0.3367

2022 Avg (January) 0.3360

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3429	0.3319	0.3367
February	0.3423	0.3383	0.3403
March	0.3421	0.3333	0.3380
April	0.3363	0.3220	0.3315
May	0.3338	0.3234	0.3292
June	0.3326	0.3176	0.3261
July	0.3176	0.3087	0.3122
August	0.3197	0.3046	0.3112
September	0.3221	0.3166	0.3195
October	0.3224	0.3163	0.3182
November	0.3226	0.3153	0.3186
December	0.3268	0.3181	0.3217