2023 CNY to MVR Historical Review

YEARLY HIGH

2.2975 MVR

YEARLY LOW

2.0919 MVR

YEARLY AVERAGE

2.1746 MVR

2023 CNY to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 2.2975. Conversely, the yearly low was recorded on November 13, dropping to 2.0919.

This high-to-low spread represents a total annual volatility of 0.2056 MVR. From a start-to-finish perspective, comparing the January average rate of 2.2653 to the December average rate of 2.1596, the exchange rate registered a net change of -4.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2975 was down 6.13% compared to the 2022 peak of 2.4475, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 57,438 MVR

2022 Average 57,406 MVR

Yearly Trough Low 52,298 MVR

Transaction Impact: A difference of 5,140.16 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2804

2.0989

JanuMarcMayJulySeptNove

CNY 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 2.2184, compared to 2.1308 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0876 points.

H1 Avg (Jan–Jun) 2.2184

H2 Avg (Jul–Dec) 2.1308

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0784 MVR (High: 2.1703 / Low: 2.0919). On the other end, April was the most stable month, with a tight range of 0.0293 MVR (High: 2.2435 / Low: 2.2141).

November Spread (Volatile) ±0.0784

April Spread (Stable) ±0.0293

Growth Streaks & Declines

Trends

Between 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 0.0513 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0513

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.2653) against the same month in 2022 (average: 2.4308), the exchange rate shifted by -0.1655 (-6.81%).

2023 Avg (January) 2.2653

2022 Avg (January) 2.4308

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2975	2.2285	2.2653
February	2.2804	2.2067	2.2436
March	2.2493	2.2039	2.2306
April	2.2435	2.2141	2.2301
May	2.2239	2.1514	2.1960
June	2.1673	2.1106	2.1447
July	2.1604	2.1106	2.1395
August	2.1495	2.1088	2.1234
September	2.1347	2.1040	2.1140
October	2.1482	2.0991	2.1154
November	2.1703	2.0919	2.1327
December	2.1761	2.1416	2.1596