2023 MDL to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 894.5313. Conversely, the yearly low was recorded on February 1, dropping to 793.1445.
This high-to-low spread represents a total annual volatility of 101.3869 IDR. From a start-to-finish perspective, comparing the January average rate of 802.5903 to the December average rate of 879.4735, the exchange rate registered a net change of 9.58% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 894.5313 was up 8.54% compared to the 2022 peak of 824.1512, 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 IDR 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 821.3177, compared to 863.7106 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 42.3929 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 49.2624 IDR (High: 869.5761 / Low: 820.3137). On the other end, September was the most stable month, with a tight range of 14.4616 IDR (High: 861.5159 / Low: 847.0543).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 8.1529 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 879.4735) against the same month in 2022 (average: 805.6929), the exchange rate shifted by +73.7806 (+9.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 816.0598 | 793.4033 | 802.5903 |
| February | 814.8114 | 793.1445 | 807.9248 |
| March | 833.9573 | 807.6936 | 822.1709 |
| April | 835.0708 | 815.1812 | 824.4824 |
| May | 845.3376 | 818.5331 | 835.6411 |
| June | 843.4571 | 821.8736 | 835.0964 |
| July | 869.5761 | 820.3137 | 841.7610 |
| August | 875.9368 | 852.9325 | 863.5662 |
| September | 861.5159 | 847.0543 | 855.4134 |
| October | 882.3715 | 845.8795 | 869.2340 |
| November | 884.7802 | 859.5989 | 872.8152 |
| December | 894.5313 | 868.6942 | 879.4735 |