2023 CAD to MMK Historical Review

YEARLY HIGH

1601.0966 MMK

YEARLY LOW

1503.5344 MMK

YEARLY AVERAGE

1555.0428 MMK

2023 CAD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 1601.0966. Conversely, the yearly low was recorded on March 18, dropping to 1503.5344.

This high-to-low spread represents a total annual volatility of 97.5622 MMK. From a start-to-finish perspective, comparing the January average rate of 1564.8830 to the December average rate of 1567.6794, the exchange rate registered a net change of 0.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1601.0966 was down 2.62% compared to the 2022 peak of 1644.1241, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,005,483 MMK

2022 Average 7,400,682 MMK

Yearly Trough Low 7,517,672 MMK

Transaction Impact: A difference of 487,810.96 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1590.9462

1524.7171

JanuMarcMayJulySeptNove

CAD to MMK 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 1556.6746, compared to 1553.4110 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.2636 points.

H1 Avg (Jan–Jun) 1556.6746

H2 Avg (Jul–Dec) 1553.4110

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 50.4670 MMK (High: 1595.3682 / Low: 1544.9013). On the other end, September was the most stable month, with a tight range of 27.9138 MMK (High: 1562.1991 / Low: 1534.2853).

December Spread (Volatile) ±50.4670

September Spread (Stable) ±27.9138

Growth Streaks & Declines

Trends

Between May and July, 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 February and March, when the average rate fell by 30.0890 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -30.0890

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1585.4271) against the same month in 2022 (average: 1432.0004), the exchange rate shifted by +153.4268 (+10.71%).

2023 Avg (July) 1585.4271

2022 Avg (July) 1432.0004

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1579.0031	1535.8890	1564.8830
February	1581.8825	1538.7189	1560.7039
March	1553.1189	1503.5344	1530.6149
April	1573.8204	1528.1200	1552.0936
May	1571.5209	1532.7553	1551.5803
June	1597.3304	1558.6421	1580.1718
July	1601.0966	1569.2239	1585.4271
August	1582.9831	1542.4910	1557.3349
September	1562.1991	1534.2853	1549.4714
October	1550.3871	1509.4702	1530.3171
November	1549.1228	1516.1227	1530.2362
December	1595.3682	1544.9013	1567.6794