2023 BOB to MVR Historical Review

YEARLY HIGH

2.2603 MVR

YEARLY LOW

2.2009 MVR

YEARLY AVERAGE

2.2252 MVR

2023 BOB to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 2.2603. Conversely, the yearly low was recorded on February 5, dropping to 2.2009.

This high-to-low spread represents a total annual volatility of 0.0594 MVR. From a start-to-finish perspective, comparing the January average rate of 2.2263 to the December average rate of 2.2222, the exchange rate registered a net change of -0.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2603 was down 1.17% compared to the 2022 peak of 2.2871, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,302 MVR

2022 Average 11,188 MVR

Yearly Trough Low 11,005 MVR

Transaction Impact: A difference of 296.83 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2327

2.2197

JanuMarcMayJulySeptNove

BOB 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 2.2236, compared to 2.2267 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 2.2236

H2 Avg (Jul–Dec) 2.2267

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0480 MVR (High: 2.2529 / Low: 2.2049). On the other end, December was the most stable month, with a tight range of 0.0154 MVR (High: 2.2296 / Low: 2.2142).

November Spread (Volatile) ±0.0480

December Spread (Stable) ±0.0154

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 March and April, when the average rate fell by 0.0052 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.2281) against the same month in 2022 (average: 2.2456), the exchange rate shifted by -0.0175 (-0.78%).

2023 Avg (March) 2.2281

2022 Avg (March) 2.2456

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2362	2.2195	2.2263
February	2.2355	2.2009	2.2217
March	2.2603	2.2133	2.2281
April	2.2383	2.2141	2.2230
May	2.2297	2.2099	2.2216
June	2.2293	2.2131	2.2208
July	2.2499	2.2121	2.2273
August	2.2372	2.2144	2.2247
September	2.2406	2.2235	2.2316
October	2.2385	2.2167	2.2285
November	2.2529	2.2049	2.2261
December	2.2296	2.2142	2.2222