2023 MMK to VND Historical Review

YEARLY HIGH

11.7803 VND

YEARLY LOW

11.0635 VND

YEARLY AVERAGE

11.3550 VND

2023 MMK to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 11.7803. Conversely, the yearly low was recorded on February 5, dropping to 11.0635.

This high-to-low spread represents a total annual volatility of 0.7168 VND. From a start-to-finish perspective, comparing the January average rate of 11.1757 to the December average rate of 11.5519, the exchange rate registered a net change of 3.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.7803 was down 8.93% compared to the 2022 peak of 12.9350, 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 58,901 VND

2022 Average 60,895 VND

Yearly Trough Low 55,317 VND

Transaction Impact: A difference of 3,583.90 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.7160

11.1266

JanuMarcMayJulySeptNove

MMK to VND 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 11.2095, compared to 11.5005 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2910 points.

H1 Avg (Jan–Jun) 11.2095

H2 Avg (Jul–Dec) 11.5005

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.3444 VND (High: 11.4079 / Low: 11.0635). On the other end, May was the most stable month, with a tight range of 0.0540 VND (High: 11.2112 / Low: 11.1572).

February Spread (Volatile) ±0.3444

May Spread (Stable) ±0.0540

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0687 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0687

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 11.6001) against the same month in 2022 (average: 11.8334), the exchange rate shifted by -0.2333 (-1.97%).

2023 Avg (November) 11.6001

2022 Avg (November) 11.8334

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.2539	11.1475	11.1757
February	11.4079	11.0635	11.2595
March	11.3953	11.1792	11.2563
April	11.3235	11.1520	11.1876
May	11.2112	11.1572	11.1793
June	11.2713	11.1399	11.1985
July	11.3790	11.2267	11.2800
August	11.5215	11.2713	11.3667
September	11.6472	11.4416	11.5375
October	11.7302	11.5491	11.6668
November	11.7803	11.5010	11.6001
December	11.6088	11.4894	11.5519