2023 INR to MUR Historical Review

YEARLY HIGH

0.5741 MUR

YEARLY LOW

0.5278 MUR

YEARLY AVERAGE

0.5463 MUR

2023 INR to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 11, valuing the pair at 0.5741. Conversely, the yearly low was recorded on December 20, dropping to 0.5278.

This high-to-low spread represents a total annual volatility of 0.0463 MUR. From a start-to-finish perspective, comparing the January average rate of 0.5400 to the December average rate of 0.5303, the exchange rate registered a net change of -1.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5741 was down 3.90% compared to the 2022 peak of 0.5974, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 143,522 MUR

2022 Average 140,852 MUR

Yearly Trough Low 131,954 MUR

Transaction Impact: A difference of 11,568.00 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5684

0.5269

JanuMarcMayJulySeptNove

INR 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 0.5527, compared to 0.5399 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0128 points.

H1 Avg (Jan–Jun) 0.5527

H2 Avg (Jul–Dec) 0.5399

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0290 MUR (High: 0.5635 / Low: 0.5345). On the other end, October was the most stable month, with a tight range of 0.0047 MUR (High: 0.5356 / Low: 0.5309).

September Spread (Volatile) ±0.0290

October Spread (Stable) ±0.0047

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.0141 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0141

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.5649) against the same month in 2022 (average: 0.5816), the exchange rate shifted by -0.0167 (-2.88%).

2023 Avg (March) 0.5649

2022 Avg (March) 0.5816

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5540	0.5286	0.5400
February	0.5630	0.5409	0.5533
March	0.5741	0.5530	0.5649
April	0.5541	0.5472	0.5508
May	0.5568	0.5489	0.5518
June	0.5615	0.5494	0.5554
July	0.5629	0.5478	0.5544
August	0.5580	0.5439	0.5492
September	0.5635	0.5345	0.5417
October	0.5356	0.5309	0.5326
November	0.5408	0.5291	0.5311
December	0.5365	0.5278	0.5303