2023 MDL to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 145.2486. Conversely, the yearly low was recorded on January 8, dropping to 130.6635.
This high-to-low spread represents a total annual volatility of 14.5851 SYP. From a start-to-finish perspective, comparing the January average rate of 132.3106 to the December average rate of 142.7221, the exchange rate registered a net change of 7.87% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 145.2486 was up 2.63% compared to the 2022 peak of 141.5284, 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 SYP 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 137.0510, compared to 140.7398 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.6888 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 8.2535 SYP (High: 145.2360 / Low: 136.9825). On the other end, October was the most stable month, with a tight range of 2.0719 SYP (High: 139.5829 / Low: 137.5110).
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 2.3359 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 142.7221) against the same month in 2022 (average: 130.0126), the exchange rate shifted by +12.7095 (+9.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 134.2564 | 130.6635 | 132.3106 |
| February | 134.9415 | 132.7364 | 133.8518 |
| March | 137.2840 | 133.0755 | 135.0449 |
| April | 140.7006 | 137.2733 | 139.2981 |
| May | 142.3341 | 140.1233 | 141.4182 |
| June | 141.5929 | 137.2966 | 140.3825 |
| July | 145.2360 | 136.9825 | 140.4431 |
| August | 143.5652 | 140.9899 | 142.1258 |
| September | 141.3166 | 137.3768 | 139.7899 |
| October | 139.5829 | 137.5110 | 138.5759 |
| November | 142.1959 | 138.6659 | 140.7820 |
| December | 145.2486 | 140.1257 | 142.7221 |