2023 CNY to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CNY to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CNY to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 313.3157. Conversely, the yearly low was recorded on September 9, dropping to 285.9336.
This high-to-low spread represents a total annual volatility of 27.3821 MMK. From a start-to-finish perspective, comparing the January average rate of 309.2266 to the December average rate of 295.3214, the exchange rate registered a net change of -4.50% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 313.3157 was up 0.58% compared to the 2022 peak of 311.5238, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 CNY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CNY to MMK 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 303.1444, compared to 290.7980 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.3464 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 11.1231 MMK (High: 312.8430 / Low: 301.7199). On the other end, September was the most stable month, with a tight range of 3.6732 MMK (High: 289.6069 / Low: 285.9336).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 6.8892 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 309.2266) against the same month in 2022 (average: 279.7069), the exchange rate shifted by +29.5197 (+10.55%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 313.3157 | 303.7007 | 309.2266 |
| February | 312.8430 | 301.7199 | 306.9112 |
| March | 307.5867 | 300.6436 | 304.2293 |
| April | 305.8342 | 299.8107 | 304.6254 |
| May | 303.9646 | 295.1600 | 300.3815 |
| June | 297.5332 | 289.4825 | 293.4923 |
| July | 295.7328 | 287.7029 | 291.8685 |
| August | 292.9868 | 287.6344 | 290.0724 |
| September | 289.6069 | 285.9336 | 287.8966 |
| October | 293.3635 | 286.3300 | 288.4796 |
| November | 296.6619 | 286.5996 | 291.1497 |
| December | 298.1949 | 292.6140 | 295.3214 |