2023 AFN to MVR Historical Review

YEARLY HIGH

0.2248 MVR

YEARLY LOW

0.1678 MVR

YEARLY AVERAGE

0.1872 MVR

2023 AFN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.2248. Conversely, the yearly low was recorded on April 18, dropping to 0.1678.

This high-to-low spread represents a total annual volatility of 0.0571 MVR. From a start-to-finish perspective, comparing the January average rate of 0.1731 to the December average rate of 0.2198, the exchange rate registered a net change of 26.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2248 was up 24.15% compared to the 2022 peak of 0.1811, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,124 MVR

2022 Average 859 MVR

Yearly Trough Low 839 MVR

Transaction Impact: A difference of 285.31 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2246

0.1664

JanuMarcMayJulySeptNove

AFN to MVR 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 0.1749, compared to 0.1994 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0244 points.

H1 Avg (Jan–Jun) 0.1749

H2 Avg (Jul–Dec) 0.1994

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0217 MVR (High: 0.2108 / Low: 0.1890). On the other end, December was the most stable month, with a tight range of 0.0042 MVR (High: 0.2218 / Low: 0.2176).

September Spread (Volatile) ±0.0217

December Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0019 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.2152) against the same month in 2022 (average: 0.1752), the exchange rate shifted by +0.0400 (+22.81%).

2023 Avg (November) 0.2152

2022 Avg (November) 0.1752

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1757	0.1710	0.1731
February	0.1750	0.1690	0.1713
March	0.1803	0.1715	0.1755
April	0.1800	0.1678	0.1773
May	0.1782	0.1729	0.1754
June	0.1801	0.1750	0.1770
July	0.1803	0.1750	0.1775
August	0.1896	0.1773	0.1821
September	0.2108	0.1890	0.1979
October	0.2098	0.1958	0.2038
November	0.2248	0.2056	0.2152
December	0.2218	0.2176	0.2198