2023 XPF to MAD Historical Review

YEARLY HIGH

0.0943 MAD

YEARLY LOW

0.0888 MAD

YEARLY AVERAGE

0.0918 MAD

2023 XPF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XPF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 0.0943. Conversely, the yearly low was recorded on July 5, dropping to 0.0888.

This high-to-low spread represents a total annual volatility of 0.0055 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0925 to the December average rate of 0.0919, 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 0.0943 was up 0.34% compared to the 2022 peak of 0.0940, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 472 MAD

2022 Average 448 MAD

Yearly Trough Low 444 MAD

Transaction Impact: A difference of 27.52 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0936

0.0899

JanuMarcMayJulySeptNove

XPF 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 0.0924, compared to 0.0912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0924

H2 Avg (Jul–Dec) 0.0912

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0035 MAD (High: 0.0926 / Low: 0.0890). On the other end, November was the most stable month, with a tight range of 0.0018 MAD (High: 0.0930 / Low: 0.0912).

August Spread (Volatile) ±0.0035

November Spread (Stable) ±0.0018

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 0.0011 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.0933) against the same month in 2022 (average: 0.0890), the exchange rate shifted by +0.0043 (+4.82%).

2023 Avg (April) 0.0933

2022 Avg (April) 0.0890

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0937	0.0913	0.0925
February	0.0939	0.0917	0.0924
March	0.0939	0.0914	0.0927
April	0.0943	0.0917	0.0933
May	0.0939	0.0909	0.0921
June	0.0924	0.0905	0.0913
July	0.0916	0.0888	0.0902
August	0.0926	0.0890	0.0905
September	0.0924	0.0905	0.0916
October	0.0923	0.0899	0.0910
November	0.0930	0.0912	0.0921
December	0.0932	0.0912	0.0919