2023 XAF to MAD Historical Review

YEARLY HIGH

0.0172 MAD

YEARLY LOW

0.0162 MAD

YEARLY AVERAGE

0.0167 MAD

2023 XAF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XAF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 0.0172. Conversely, the yearly low was recorded on July 5, dropping to 0.0162.

This high-to-low spread represents a total annual volatility of 0.0010 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0168 to the December average rate of 0.0167, the exchange rate registered a net change of -0.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0172 was up 0.34% compared to the 2022 peak of 0.0171, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 86 MAD

2022 Average 81 MAD

Yearly Trough Low 81 MAD

Transaction Impact: A difference of 5.01 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0170

0.0164

JanuMarcMayJulySeptNove

XAF 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 0.0168, compared to 0.0166 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0168

H2 Avg (Jul–Dec) 0.0166

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0006 MAD (High: 0.0168 / Low: 0.0162). On the other end, November was the most stable month, with a tight range of 0.0003 MAD (High: 0.0169 / Low: 0.0166).

August Spread (Volatile) ±0.0006

November Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between February and April, 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 April and May, when the average rate fell by 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.0170) against the same month in 2022 (average: 0.0162), the exchange rate shifted by +0.0008 (+4.82%).

2023 Avg (April) 0.0170

2022 Avg (April) 0.0162

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0170	0.0166	0.0168
February	0.0171	0.0167	0.0168
March	0.0171	0.0166	0.0169
April	0.0172	0.0167	0.0170
May	0.0171	0.0165	0.0168
June	0.0168	0.0165	0.0166
July	0.0167	0.0162	0.0164
August	0.0168	0.0162	0.0165
September	0.0168	0.0165	0.0167
October	0.0168	0.0164	0.0165
November	0.0169	0.0166	0.0168
December	0.0170	0.0166	0.0167