2023 MDL to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 31.0276. Conversely, the yearly low was recorded on March 19, dropping to 28.9503.
This high-to-low spread represents a total annual volatility of 2.0773 CRC. From a start-to-finish perspective, comparing the January average rate of 30.2610 to the December average rate of 29.8309, the exchange rate registered a net change of -1.42% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 31.0276 was down 14.52% compared to the 2022 peak of 36.2981, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MDL to CRC Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 29.9673, compared to 29.8870 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0803 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 1.5476 CRC (High: 30.9118 / Low: 29.3642). On the other end, October was the most stable month, with a tight range of 0.4253 CRC (High: 29.5272 / Low: 29.1019).
Growth Streaks & Declines
TrendsBetween March and May, 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 February and March, when the average rate fell by 0.7840 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 30.4446) against the same month in 2022 (average: 34.1724), the exchange rate shifted by -3.7277 (-10.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 30.9302 | 29.4756 | 30.2610 |
| February | 30.9118 | 29.3642 | 30.1072 |
| March | 29.7585 | 28.9503 | 29.3232 |
| April | 29.9998 | 29.4775 | 29.6932 |
| May | 30.5609 | 30.0240 | 30.2505 |
| June | 30.5299 | 29.6675 | 30.1688 |
| July | 31.0053 | 29.5745 | 30.1907 |
| August | 31.0276 | 29.9298 | 30.4446 |
| September | 30.3268 | 29.2945 | 29.7973 |
| October | 29.5272 | 29.1019 | 29.3357 |
| November | 29.9837 | 29.2632 | 29.7228 |
| December | 30.1471 | 29.4243 | 29.8309 |