2023 BND to MVR Historical Review

YEARLY HIGH

11.7534 MVR

YEARLY LOW

11.1828 MVR

YEARLY AVERAGE

11.4506 MVR

2023 BND to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 11.7534. Conversely, the yearly low was recorded on October 2, dropping to 11.1828.

This high-to-low spread represents a total annual volatility of 0.5707 MVR. From a start-to-finish perspective, comparing the January average rate of 11.5944 to the December average rate of 11.5389, the exchange rate registered a net change of -0.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.7534 was up 2.04% compared to the 2022 peak of 11.5181, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 58,767 MVR

2022 Average 55,947 MVR

Yearly Trough Low 55,914 MVR

Transaction Impact: A difference of 2,853.25 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.6295

11.2075

JanuMarcMayJulySeptNove

BND 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 11.5013, compared to 11.3998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1016 points.

H1 Avg (Jan–Jun) 11.5013

H2 Avg (Jul–Dec) 11.3998

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.4246 MVR (High: 11.6987 / Low: 11.2741). On the other end, October was the most stable month, with a tight range of 0.1372 MVR (High: 11.3199 / Low: 11.1828).

July Spread (Volatile) ±0.4246

October Spread (Stable) ±0.1372

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 July and August, when the average rate fell by 0.1400 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1400

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 11.5286) against the same month in 2022 (average: 11.4743), the exchange rate shifted by +0.0543 (+0.47%).

2023 Avg (February) 11.5286

2022 Avg (February) 11.4743

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.7053	11.4218	11.5944
February	11.7534	11.3856	11.5286
March	11.6293	11.3430	11.4761
April	11.6413	11.4789	11.5458
May	11.5897	11.2941	11.4616
June	11.4981	11.2741	11.4016
July	11.6987	11.2741	11.5226
August	11.5139	11.3010	11.3826
September	11.4047	11.2342	11.3167
October	11.3199	11.1828	11.2427
November	11.5497	11.2053	11.3953
December	11.6714	11.4295	11.5389