2023 MDL to KZT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to KZT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to KZT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 21, valuing the pair at 26.5066. Conversely, the yearly low was recorded on March 5, dropping to 22.9080.
This high-to-low spread represents a total annual volatility of 3.5985 KZT. From a start-to-finish perspective, comparing the January average rate of 24.3583 to the December average rate of 26.0820, the exchange rate registered a net change of 7.08% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 26.5066 was down 7.00% compared to the 2022 peak of 28.5024, 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 KZT 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 24.6464, compared to 25.8150 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1686 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 2.2006 KZT (High: 25.1086 / Low: 22.9080). On the other end, January was the most stable month, with a tight range of 0.4672 KZT (High: 24.6074 / Low: 24.1401).
Growth Streaks & Declines
TrendsBetween February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3253 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 26.0691) against the same month in 2022 (average: 24.5225), the exchange rate shifted by +1.5465 (+6.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.6074 | 24.1401 | 24.3583 |
| February | 24.6756 | 23.5701 | 24.0525 |
| March | 25.1086 | 22.9080 | 24.2571 |
| April | 25.4813 | 24.4131 | 25.0370 |
| May | 25.4696 | 24.8789 | 25.1092 |
| June | 25.4895 | 24.6752 | 25.0645 |
| July | 25.7729 | 24.2814 | 24.8792 |
| August | 26.1702 | 25.0526 | 25.6325 |
| September | 26.5066 | 25.6933 | 26.0691 |
| October | 26.5010 | 25.8932 | 26.2764 |
| November | 26.3177 | 25.6327 | 25.9511 |
| December | 26.4438 | 25.4923 | 26.0820 |