2023 MDL to VND Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to VND Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1403.8413. Conversely, the yearly low was recorded on January 8, dropping to 1220.4830.
This high-to-low spread represents a total annual volatility of 183.3584 VND. From a start-to-finish perspective, comparing the January average rate of 1235.8953 to the December average rate of 1379.4374, the exchange rate registered a net change of 11.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1403.8413 was up 8.04% compared to the 2022 peak of 1299.3422, 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 VND 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 1283.3324, compared to 1352.2406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 68.9082 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 80.1318 VND (High: 1367.9479 / Low: 1287.8160). On the other end, May was the most stable month, with a tight range of 20.2269 VND (High: 1328.8649 / Low: 1308.6380).
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 7.0401 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 1379.4374) against the same month in 2022 (average: 1230.9616), the exchange rate shifted by +148.4758 (+12.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1253.5793 | 1220.4830 | 1235.8953 |
| February | 1279.3831 | 1243.2812 | 1259.8007 |
| March | 1283.2142 | 1256.5783 | 1268.6128 |
| April | 1314.0815 | 1282.0721 | 1301.1986 |
| May | 1328.8649 | 1308.6380 | 1320.7634 |
| June | 1324.0720 | 1288.3868 | 1313.7234 |
| July | 1367.9479 | 1287.8160 | 1322.5187 |
| August | 1369.6387 | 1334.7480 | 1350.1932 |
| September | 1360.1936 | 1328.8796 | 1347.6877 |
| October | 1363.1826 | 1330.1998 | 1350.3278 |
| November | 1372.9921 | 1351.9802 | 1363.2786 |
| December | 1403.8413 | 1353.4947 | 1379.4374 |