2023 AZN to MVR Historical Review

YEARLY HIGH

9.1029 MVR

YEARLY LOW

8.9706 MVR

YEARLY AVERAGE

9.0411 MVR

2023 AZN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AZN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 28, valuing the pair at 9.1029. Conversely, the yearly low was recorded on November 13, dropping to 8.9706.

This high-to-low spread represents a total annual volatility of 0.1324 MVR. From a start-to-finish perspective, comparing the January average rate of 9.0494 to the December average rate of 9.0429, the exchange rate registered a net change of -0.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 9.1029 was down 2.43% compared to the 2022 peak of 9.3294, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 45,515 MVR

2022 Average 45,362 MVR

Yearly Trough Low 44,853 MVR

Transaction Impact: A difference of 661.76 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9.0732

9.0200

JanuMarcMayJulySeptNove

AZN 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 9.0347, compared to 9.0475 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0129 points.

H1 Avg (Jan–Jun) 9.0347

H2 Avg (Jul–Dec) 9.0475

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1176 MVR (High: 9.0882 / Low: 8.9706). On the other end, February was the most stable month, with a tight range of 0.0116 MVR (High: 9.0353 / Low: 9.0237).

November Spread (Volatile) ±0.1176

February Spread (Stable) ±0.0116

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0178 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0178

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 9.0688) against the same month in 2022 (average: 9.0843), the exchange rate shifted by -0.0155 (-0.17%).

2023 Avg (September) 9.0688

2022 Avg (September) 9.0843

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.0647	9.0205	9.0494
February	9.0353	9.0237	9.0316
March	9.0735	8.9951	9.0421
April	9.0647	9.0294	9.0339
May	9.0353	9.0000	9.0265
June	9.0353	8.9774	9.0244
July	9.0647	8.9774	9.0436
August	9.0588	9.0176	9.0425
September	9.1029	9.0441	9.0688
October	9.0647	9.0294	9.0517
November	9.0882	8.9706	9.0358
December	9.0588	9.0294	9.0429