2023 MVR to STD Historical Review

YEARLY HIGH

1491.7641 STD

YEARLY LOW

1439.8578 STD

YEARLY AVERAGE

1469.8451 STD

2023 MVR to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 28, valuing the pair at 1491.7641. Conversely, the yearly low was recorded on September 28, dropping to 1439.8578.

This high-to-low spread represents a total annual volatility of 51.9063 STD. From a start-to-finish perspective, comparing the January average rate of 1483.6029 to the December average rate of 1449.4234, the exchange rate registered a net change of -2.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1491.7641 was down 2.99% compared to the 2022 peak of 1537.7624, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,458,820 STD

2022 Average 7,188,145 STD

Yearly Trough Low 7,199,289 STD

Transaction Impact: A difference of 259,531.25 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1491.7984

1441.0569

JanuMarcMayJulySeptNove

MVR to STD 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 1485.9662, compared to 1453.7240 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 32.2422 points.

H1 Avg (Jan–Jun) 1485.9662

H2 Avg (Jul–Dec) 1453.7240

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 39.2067 STD (High: 1490.7897 / Low: 1451.5831). On the other end, February was the most stable month, with a tight range of 1.9170 STD (High: 1487.8538 / Low: 1485.9369).

July Spread (Volatile) ±39.2067

February Spread (Stable) ±1.9170

Growth Streaks & Declines

Trends

Between March and June, 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 July and August, when the average rate fell by 30.3725 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -30.3725

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 1487.3919) against the same month in 2022 (average: 1442.1176), the exchange rate shifted by +45.2743 (+3.14%).

2023 Avg (May) 1487.3919

2022 Avg (May) 1442.1176

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1487.8538	1481.1155	1483.6029
February	1487.8538	1485.9369	1486.5485
March	1487.8538	1479.6752	1484.5204
April	1486.9049	1481.1155	1486.1635
May	1491.7641	1485.9369	1487.3919
June	1491.7641	1485.9369	1487.5700
July	1490.7897	1451.5831	1479.8628
August	1453.4768	1446.8701	1449.4903
September	1449.2228	1439.8578	1445.2854
October	1451.5831	1445.9312	1448.0155
November	1461.1016	1442.1877	1450.2668
December	1451.5831	1446.8701	1449.4234

૨૦૨૫ MVR થી STD ઐતિહાસિક સમીક્ષા