2023 INR to MVR Historical Review

YEARLY HIGH

0.1900 MVR

YEARLY LOW

0.1833 MVR

YEARLY AVERAGE

0.1862 MVR

2023 INR to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.1900. Conversely, the yearly low was recorded on November 13, dropping to 0.1833.

This high-to-low spread represents a total annual volatility of 0.0067 MVR. From a start-to-finish perspective, comparing the January average rate of 0.1882 to the December average rate of 0.1847, the exchange rate registered a net change of -1.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1900 was down 9.24% compared to the 2022 peak of 0.2093, 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 47,494 MVR

2022 Average 49,113 MVR

Yearly Trough Low 45,831 MVR

Transaction Impact: A difference of 1,663.20 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1886

0.1841

JanuMarcMayJulySeptNove

INR 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 0.1869, compared to 0.1854 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.1869

H2 Avg (Jul–Dec) 0.1854

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0039 MVR (High: 0.1900 / Low: 0.1861). On the other end, September was the most stable month, with a tight range of 0.0013 MVR (High: 0.1864 / Low: 0.1850).

January Spread (Volatile) ±0.0039

September Spread (Stable) ±0.0013

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 January and February, when the average rate fell by 0.0024 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1882) against the same month in 2022 (average: 0.2075), the exchange rate shifted by -0.0193 (-9.28%).

2023 Avg (January) 0.1882

2022 Avg (January) 0.2075

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1900	0.1861	0.1882
February	0.1880	0.1851	0.1858
March	0.1879	0.1859	0.1870
April	0.1880	0.1864	0.1874
May	0.1880	0.1851	0.1864
June	0.1875	0.1858	0.1867
July	0.1879	0.1858	0.1871
August	0.1867	0.1843	0.1856
September	0.1864	0.1850	0.1856
October	0.1856	0.1841	0.1849
November	0.1857	0.1833	0.1845
December	0.1858	0.1840	0.1847