2023 JPY to MVR Historical Review

YEARLY HIGH

0.1204 MVR

YEARLY LOW

0.1006 MVR

YEARLY AVERAGE

0.1097 MVR

2023 JPY to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JPY to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 0.1204. Conversely, the yearly low was recorded on November 13, dropping to 0.1006.

This high-to-low spread represents a total annual volatility of 0.0199 MVR. From a start-to-finish perspective, comparing the January average rate of 0.1182 to the December average rate of 0.1070, the exchange rate registered a net change of -9.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1204 was down 11.51% compared to the 2022 peak of 0.1361, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 60,206 MVR

2022 Average 59,056 MVR

Yearly Trough Low 50,280 MVR

Transaction Impact: A difference of 9,925.33 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1198

0.1010

JanuMarcMayJulySeptNove

JPY 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 0.1140, compared to 0.1053 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0087 points.

H1 Avg (Jan–Jun) 0.1140

H2 Avg (Jul–Dec) 0.1053

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0070 MVR (High: 0.1194 / Low: 0.1125). On the other end, October was the most stable month, with a tight range of 0.0022 MVR (High: 0.1038 / Low: 0.1016).

February Spread (Volatile) ±0.0070

October Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0033 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1182) against the same month in 2022 (average: 0.1345), the exchange rate shifted by -0.0163 (-12.14%).

2023 Avg (January) 0.1182

2022 Avg (January) 0.1345

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1204	0.1156	0.1182
February	0.1194	0.1125	0.1153
March	0.1177	0.1117	0.1151
April	0.1174	0.1126	0.1150
May	0.1145	0.1086	0.1118
June	0.1106	0.1057	0.1086
July	0.1116	0.1060	0.1089
August	0.1083	0.1048	0.1062
September	0.1054	0.1031	0.1043
October	0.1038	0.1016	0.1029
November	0.1044	0.1006	0.1026
December	0.1092	0.1043	0.1070