2023 FKP to MUR Historical Review

YEARLY HIGH

59.6018 MUR

YEARLY LOW

52.0420 MUR

YEARLY AVERAGE

56.0950 MUR

2023 FKP to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 59.6018. Conversely, the yearly low was recorded on January 5, dropping to 52.0420.

This high-to-low spread represents a total annual volatility of 7.5598 MUR. From a start-to-finish perspective, comparing the January average rate of 54.0350 to the December average rate of 55.9147, the exchange rate registered a net change of 3.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 59.6018 was down 0.86% compared to the 2022 peak of 60.1169, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 298,009 MUR

2022 Average 273,470 MUR

Yearly Trough Low 260,210 MUR

Transaction Impact: A difference of 37,799.10 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

59.1641

53.4720

JanuMarcMayJulySeptNove

FKP to MUR 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 56.0206, compared to 56.1693 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1487 points.

H1 Avg (Jan–Jun) 56.0206

H2 Avg (Jul–Dec) 56.1693

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 4.8563 MUR (High: 58.8473 / Low: 53.9910). On the other end, October was the most stable month, with a tight range of 0.7915 MUR (High: 54.5002 / Low: 53.7087).

September Spread (Volatile) ±4.8563

October Spread (Stable) ±0.7915

Growth Streaks & Declines

Trends

Between April and July, 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 August and September, when the average rate fell by 2.0477 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.0477

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 58.6897) against the same month in 2022 (average: 54.4242), the exchange rate shifted by +4.2656 (+7.84%).

2023 Avg (July) 58.6897

2022 Avg (July) 54.4242

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	55.9768	52.0420	54.0350
February	56.4898	54.3797	55.1587
March	57.3715	54.8066	56.3908
April	56.7469	55.7380	56.1833
May	57.2481	56.0403	56.6773
June	58.5972	56.5580	57.6786
July	59.6018	57.7497	58.6897
August	58.6109	57.2730	57.7783
September	58.8473	53.9910	55.7306
October	54.5002	53.7087	53.9464
November	56.1027	53.9058	54.9563
December	57.1502	55.3466	55.9147