2023 KES to MVR Historical Review

YEARLY HIGH

0.1248 MVR

YEARLY LOW

0.0979 MVR

YEARLY AVERAGE

0.1105 MVR

2023 KES to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.1248. Conversely, the yearly low was recorded on December 30, dropping to 0.0979.

This high-to-low spread represents a total annual volatility of 0.0269 MVR. From a start-to-finish perspective, comparing the January average rate of 0.1241 to the December average rate of 0.0995, the exchange rate registered a net change of -19.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1248 was down 8.86% compared to the 2022 peak of 0.1369, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 624 MVR

2022 Average 654 MVR

Yearly Trough Low 490 MVR

Transaction Impact: A difference of 134.41 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1266

0.0971

JanuMarcMayJulySeptNove

KES 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 0.1168, compared to 0.1041 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) 0.1168

H2 Avg (Jul–Dec) 0.1041

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0048 MVR (High: 0.1211 / Low: 0.1163). On the other end, January was the most stable month, with a tight range of 0.0014 MVR (High: 0.1248 / Low: 0.1234).

March Spread (Volatile) ±0.0048

January Spread (Stable) ±0.0014

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

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1241) against the same month in 2022 (average: 0.1362), the exchange rate shifted by -0.0121 (-8.90%).

2023 Avg (January) 0.1241

2022 Avg (January) 0.1362

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1248	0.1234	0.1241
February	0.1233	0.1208	0.1222
March	0.1211	0.1163	0.1187
April	0.1163	0.1128	0.1143
May	0.1136	0.1103	0.1118
June	0.1117	0.1087	0.1099
July	0.1107	0.1078	0.1087
August	0.1079	0.1059	0.1069
September	0.1061	0.1039	0.1050
October	0.1047	0.1021	0.1031
November	0.1032	0.1002	0.1011
December	0.1008	0.0979	0.0995