2023 FKP to MVR Historical Review

YEARLY HIGH

20.2308 MVR

YEARLY LOW

18.1545 MVR

YEARLY AVERAGE

19.1160 MVR

2023 FKP to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 20.2308. Conversely, the yearly low was recorded on March 7, dropping to 18.1545.

This high-to-low spread represents a total annual volatility of 2.0763 MVR. From a start-to-finish perspective, comparing the January average rate of 18.8365 to the December average rate of 19.4717, the exchange rate registered a net change of 3.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 20.2308 was down 4.52% compared to the 2022 peak of 21.1875, 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 101,154 MVR

2022 Average 95,384 MVR

Yearly Trough Low 90,773 MVR

Transaction Impact: A difference of 10,381.33 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.9307

18.3952

JanuMarcMayJulySeptNove

FKP 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 18.9457, compared to 19.2864 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3407 points.

H1 Avg (Jan–Jun) 18.9457

H2 Avg (Jul–Dec) 19.2864

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.9206 MVR (High: 19.0751 / Low: 18.1545). On the other end, August was the most stable month, with a tight range of 0.2834 MVR (High: 19.6535 / Low: 19.3701).

March Spread (Volatile) ±0.9206

August Spread (Stable) ±0.2834

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4267 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.4267

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 19.8028) against the same month in 2022 (average: 18.5005), the exchange rate shifted by +1.3023 (+7.04%).

2023 Avg (July) 19.8028

2022 Avg (July) 18.5005

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.0753	18.3517	18.8365
February	19.0274	18.3310	18.5232
March	19.0751	18.1545	18.6637
April	19.3144	18.8594	19.1141
May	19.4009	18.8884	19.1463
June	19.7035	19.0790	19.3904
July	20.2308	19.4360	19.8028
August	19.6535	19.3701	19.5243
September	19.4385	18.7550	19.0976
October	18.9656	18.5578	18.7278
November	19.5145	18.7148	19.0942
December	19.6730	19.2612	19.4717