2023 MMK to UZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MMK to UZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MMK to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 5.9012. Conversely, the yearly low was recorded on January 2, dropping to 5.3554.
This high-to-low spread represents a total annual volatility of 0.5458 UZS. From a start-to-finish perspective, comparing the January average rate of 5.3826 to the December average rate of 5.8767, the exchange rate registered a net change of 9.18% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 5.9012 was down 9.10% compared to the 2022 peak of 6.4922, 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 UZS 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 5.4265, compared to 5.7561 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3296 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 0.2541 UZS (High: 5.7635 / Low: 5.5094). On the other end, April was the most stable month, with a tight range of 0.0415 UZS (High: 5.4542 / Low: 5.4127).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 5.8767) against the same month in 2022 (average: 5.3571), the exchange rate shifted by +0.5196 (+9.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.4010 | 5.3554 | 5.3826 |
| February | 5.4166 | 5.3715 | 5.3984 |
| March | 5.4529 | 5.4099 | 5.4279 |
| April | 5.4542 | 5.4127 | 5.4370 |
| May | 5.4734 | 5.4309 | 5.4511 |
| June | 5.4925 | 5.4332 | 5.4617 |
| July | 5.5789 | 5.4666 | 5.5182 |
| August | 5.7635 | 5.5094 | 5.6749 |
| September | 5.8203 | 5.7626 | 5.7946 |
| October | 5.8451 | 5.7998 | 5.8209 |
| November | 5.8707 | 5.8283 | 5.8510 |
| December | 5.9012 | 5.8486 | 5.8767 |