2023 MOP to CNY Historical Review

YEARLY HIGH

0.9097 CNY

YEARLY LOW

0.8307 CNY

YEARLY AVERAGE

0.8775 CNY

2023 MOP to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 0.9097. Conversely, the yearly low was recorded on February 5, dropping to 0.8307.

This high-to-low spread represents a total annual volatility of 0.0790 CNY. From a start-to-finish perspective, comparing the January average rate of 0.8432 to the December average rate of 0.8839, the exchange rate registered a net change of 4.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9097 was up 0.40% compared to the 2022 peak of 0.9061, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,549 CNY

2022 Average 4,172 CNY

Yearly Trough Low 4,153 CNY

Transaction Impact: A difference of 395.23 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9106

0.8371

JanuMarcMayJulySeptNove

MOP to CNY 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 0.8582, compared to 0.8967 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0385 points.

H1 Avg (Jan–Jun) 0.8582

H2 Avg (Jul–Dec) 0.8967

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0303 CNY (High: 0.8610 / Low: 0.8307). On the other end, September was the most stable month, with a tight range of 0.0115 CNY (High: 0.9095 / Low: 0.8980).

February Spread (Volatile) ±0.0303

September Spread (Stable) ±0.0115

Growth Streaks & Declines

Trends

Between April and September, 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 November and December, when the average rate fell by 0.0132 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0132

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.9031) against the same month in 2022 (average: 0.8895), the exchange rate shifted by +0.0136 (+1.53%).

2023 Avg (October) 0.9031

2022 Avg (October) 0.8895

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8593	0.8330	0.8432
February	0.8610	0.8307	0.8467
March	0.8639	0.8444	0.8538
April	0.8663	0.8492	0.8526
May	0.8817	0.8521	0.8659
June	0.8990	0.8743	0.8869
July	0.9043	0.8839	0.8936
August	0.9051	0.8891	0.8983
September	0.9095	0.8980	0.9044
October	0.9097	0.8874	0.9031
November	0.9095	0.8807	0.8971
December	0.8922	0.8760	0.8839