2023 CHF to MVR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CHF to MVR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CHF to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 18.3138. Conversely, the yearly low was recorded on March 7, dropping to 16.2895.
This high-to-low spread represents a total annual volatility of 2.0243 MVR. From a start-to-finish perspective, comparing the January average rate of 16.6494 to the December average rate of 17.7996, the exchange rate registered a net change of 6.91% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 18.3138 was up 7.93% compared to the 2022 peak of 16.9681, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CHF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CHF to MVR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 16.8424, compared to 17.3847 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5424 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 0.8718 MVR (High: 18.3138 / Low: 17.4420). On the other end, August was the most stable month, with a tight range of 0.2076 MVR (High: 17.6020 / Low: 17.3944).
Growth Streaks & Declines
TrendsBetween February and April, 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 August and September, when the average rate fell by 0.3455 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 17.7996) against the same month in 2022 (average: 16.4891), the exchange rate shifted by +1.3104 (+7.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.8031 | 16.4590 | 16.6494 |
| February | 16.9307 | 16.3045 | 16.5697 |
| March | 16.8598 | 16.2895 | 16.6176 |
| April | 17.3137 | 16.7259 | 17.0865 |
| May | 17.3771 | 16.8123 | 17.0851 |
| June | 17.2173 | 16.8712 | 17.0459 |
| July | 17.9533 | 17.1014 | 17.5894 |
| August | 17.6020 | 17.3944 | 17.4955 |
| September | 17.4038 | 16.7832 | 17.1500 |
| October | 17.2829 | 16.7196 | 17.0312 |
| November | 17.5736 | 16.9205 | 17.2428 |
| December | 18.3138 | 17.4420 | 17.7996 |