2023 MDL to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 76.5138. Conversely, the yearly low was recorded on January 9, dropping to 64.6973.
This high-to-low spread represents a total annual volatility of 11.8165 KRW. From a start-to-finish perspective, comparing the January average rate of 65.4290 to the December average rate of 73.9244, the exchange rate registered a net change of 12.98% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 76.5138 was up 2.44% compared to the 2022 peak of 74.6897, 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 KRW 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 70.6915, compared to 73.7526 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.0611 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 4.9397 KRW (High: 70.0194 / Low: 65.0797). On the other end, September was the most stable month, with a tight range of 1.2372 KRW (High: 74.9084 / Low: 73.6712).
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 May and June, when the average rate fell by 2.3621 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 74.8724) against the same month in 2022 (average: 68.6207), the exchange rate shifted by +6.2517 (+9.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 66.8102 | 64.6973 | 65.4290 |
| February | 70.0194 | 65.0797 | 68.1796 |
| March | 71.3852 | 68.8380 | 70.1453 |
| April | 74.9369 | 71.3802 | 73.2695 |
| May | 75.7267 | 73.9642 | 74.7439 |
| June | 74.0036 | 71.1485 | 72.3818 |
| July | 74.3744 | 70.0430 | 71.8210 |
| August | 76.5138 | 72.6444 | 74.8724 |
| September | 74.9084 | 73.6712 | 74.2116 |
| October | 75.1691 | 73.8199 | 74.4754 |
| November | 74.4108 | 72.1133 | 73.2106 |
| December | 74.8364 | 72.5624 | 73.9244 |