2023 IRR to VND Historical Review

YEARLY HIGH

0.5824 VND

YEARLY LOW

0.5545 VND

YEARLY AVERAGE

0.5645 VND

2023 IRR to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IRR to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.5824. Conversely, the yearly low was recorded on May 22, dropping to 0.5545.

This high-to-low spread represents a total annual volatility of 0.0279 VND. From a start-to-finish perspective, comparing the January average rate of 0.5597 to the December average rate of 0.5750, the exchange rate registered a net change of 2.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5824 was down 0.93% compared to the 2022 peak of 0.5879, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,912 VND

2022 Average 2,769 VND

Yearly Trough Low 2,772 VND

Transaction Impact: A difference of 139.53 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5819

0.5527

JanuMarcMayJulySeptNove

IRR to VND 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 0.5577, compared to 0.5714 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0137 points.

H1 Avg (Jan–Jun) 0.5577

H2 Avg (Jul–Dec) 0.5714

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0166 VND (High: 0.5722 / Low: 0.5556). On the other end, May was the most stable month, with a tight range of 0.0012 VND (High: 0.5557 / Low: 0.5545).

February Spread (Volatile) ±0.0166

May Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between May and October, 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 March and April, when the average rate fell by 0.0044 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5795) against the same month in 2022 (average: 0.5744), the exchange rate shifted by +0.0051 (+0.88%).

2023 Avg (October) 0.5795

2022 Avg (October) 0.5744

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5648	0.5556	0.5597
February	0.5722	0.5556	0.5601
March	0.5650	0.5555	0.5598
April	0.5562	0.5546	0.5554
May	0.5557	0.5545	0.5551
June	0.5580	0.5551	0.5562
July	0.5633	0.5578	0.5601
August	0.5725	0.5599	0.5646
September	0.5777	0.5692	0.5733
October	0.5824	0.5754	0.5795
November	0.5824	0.5712	0.5758
December	0.5795	0.5732	0.5750