2023 HNL to MVR Historical Review

YEARLY HIGH

0.6333 MVR

YEARLY LOW

0.6157 MVR

YEARLY AVERAGE

0.6233 MVR

2023 HNL to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.6333. Conversely, the yearly low was recorded on November 13, dropping to 0.6157.

This high-to-low spread represents a total annual volatility of 0.0176 MVR. From a start-to-finish perspective, comparing the January average rate of 0.6237 to the December average rate of 0.6221, the exchange rate registered a net change of -0.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6333 was down 1.36% compared to the 2022 peak of 0.6420, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,166 MVR

2022 Average 3,134 MVR

Yearly Trough Low 3,078 MVR

Transaction Impact: A difference of 87.78 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6250

0.6214

JanuMarcMayJulySeptNove

HNL 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 0.6234, compared to 0.6231 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.6234

H2 Avg (Jul–Dec) 0.6231

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0147 MVR (High: 0.6304 / Low: 0.6157). On the other end, December was the most stable month, with a tight range of 0.0044 MVR (High: 0.6246 / Low: 0.6202).

November Spread (Volatile) ±0.0147

December Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0021 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.6242) against the same month in 2022 (average: 0.6304), the exchange rate shifted by -0.0062 (-0.98%).

2023 Avg (March) 0.6242

2022 Avg (March) 0.6304

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6263	0.6218	0.6237
February	0.6288	0.6169	0.6228
March	0.6333	0.6214	0.6242
April	0.6313	0.6230	0.6247
May	0.6270	0.6207	0.6231
June	0.6278	0.6189	0.6217
July	0.6300	0.6193	0.6244
August	0.6289	0.6189	0.6244
September	0.6266	0.6189	0.6224
October	0.6272	0.6185	0.6230
November	0.6304	0.6157	0.6227
December	0.6246	0.6202	0.6221