2023 MMK to KRW Historical Review

YEARLY HIGH

0.6474 KRW

YEARLY LOW

0.5821 KRW

YEARLY AVERAGE

0.6222 KRW

2023 MMK to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.6474. Conversely, the yearly low was recorded on February 1, dropping to 0.5821.

This high-to-low spread represents a total annual volatility of 0.0653 KRW. From a start-to-finish perspective, comparing the January average rate of 0.5917 to the December average rate of 0.6191, the exchange rate registered a net change of 4.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6474 was down 9.29% compared to the 2022 peak of 0.7137, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MMK based on timing:

Yearly Peak High 3,237 KRW

2022 Average 3,354 KRW

Yearly Trough Low 2,910 KRW

Transaction Impact: A difference of 326.39 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6486

0.5865

JanuMarcMayJulySeptNove

MMK to KRW Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.6172, compared to 0.6273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0101 points.

H1 Avg (Jan–Jun) 0.6172

H2 Avg (Jul–Dec) 0.6273

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0475 KRW (High: 0.6296 / Low: 0.5821). On the other end, October was the most stable month, with a tight range of 0.0099 KRW (High: 0.6474 / Low: 0.6375).

February Spread (Volatile) ±0.0475

October Spread (Stable) ±0.0099

Growth Streaks & Declines

Trends

Between 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 October and November, when the average rate fell by 0.0205 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0205

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6435) against the same month in 2022 (average: 0.6804), the exchange rate shifted by -0.0369 (-5.42%).

2023 Avg (October) 0.6435

2022 Avg (October) 0.6804

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6092	0.5854	0.5917
February	0.6296	0.5821	0.6094
March	0.6321	0.6134	0.6224
April	0.6457	0.6200	0.6299
May	0.6413	0.6255	0.6327
June	0.6303	0.6035	0.6170
July	0.6309	0.6023	0.6127
August	0.6399	0.6137	0.6303
September	0.6449	0.6278	0.6353
October	0.6474	0.6375	0.6435
November	0.6424	0.6138	0.6230
December	0.6274	0.6093	0.6191