2023 MMK to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MMK to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MMK to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 7.3376. Conversely, the yearly low was recorded on February 3, dropping to 0.7184.
This high-to-low spread represents a total annual volatility of 6.6192 LBP. From a start-to-finish perspective, comparing the January average rate of 0.7218 to the December average rate of 7.1594, the exchange rate registered a net change of 891.83% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 7.3376 was up 752.98% compared to the 2022 peak of 0.8602, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MMK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MMK to LBP 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 5.9221, compared to 7.1657 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2436 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 6.6192 LBP (High: 7.3376 / Low: 0.7184). On the other end, January was the most stable month, with a tight range of 0.0069 LBP (High: 0.7269 / Low: 0.7200).
Growth Streaks & Declines
TrendsBetween January and April, 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 June and July, when the average rate fell by 0.0197 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 6.0368) against the same month in 2022 (average: 0.8517), the exchange rate shifted by +5.1851 (+608.82%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.7269 | 0.7200 | 0.7218 |
| February | 7.3376 | 0.7184 | 6.0368 |
| March | 7.2635 | 7.1474 | 7.1891 |
| April | 7.2643 | 7.1353 | 7.1958 |
| May | 7.2735 | 7.1403 | 7.1868 |
| June | 7.2694 | 7.1415 | 7.2024 |
| July | 7.2733 | 7.1438 | 7.1827 |
| August | 7.2717 | 7.1472 | 7.1712 |
| September | 7.2313 | 7.1519 | 7.1698 |
| October | 7.1863 | 7.1341 | 7.1576 |
| November | 7.1688 | 7.1029 | 7.1538 |
| December | 7.1848 | 7.1471 | 7.1594 |