2023 MOP to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MOP to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MOP to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 1979.9636. Conversely, the yearly low was recorded on May 6, dropping to 1809.5151.
This high-to-low spread represents a total annual volatility of 170.4485 IDR. From a start-to-finish perspective, comparing the January average rate of 1892.5540 to the December average rate of 1922.5376, the exchange rate registered a net change of 1.58% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1979.9636 was up 0.64% compared to the 2022 peak of 1967.2986, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MOP to IDR 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 1866.2264, compared to 1915.3314 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 49.1050 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 90.6548 IDR (High: 1942.0293 / Low: 1851.3745). On the other end, August was the most stable month, with a tight range of 24.9701 IDR (High: 1906.4131 / Low: 1881.4431).
Growth Streaks & Declines
TrendsBetween 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 53.7648 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 1956.5201) against the same month in 2022 (average: 1909.4444), the exchange rate shifted by +47.0757 (+2.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1942.0293 | 1851.3745 | 1892.5540 |
| February | 1889.4465 | 1843.9396 | 1876.2242 |
| March | 1928.3684 | 1852.6098 | 1894.9444 |
| April | 1858.7052 | 1814.8717 | 1841.1795 |
| May | 1859.7313 | 1809.5151 | 1839.5227 |
| June | 1870.7687 | 1838.3568 | 1852.9333 |
| July | 1891.7747 | 1857.4288 | 1872.4274 |
| August | 1906.4131 | 1881.4431 | 1894.1922 |
| September | 1932.0227 | 1885.0935 | 1906.8349 |
| October | 1979.9636 | 1911.8885 | 1956.5201 |
| November | 1975.3126 | 1912.6524 | 1939.4761 |
| December | 1945.1537 | 1908.2009 | 1922.5376 |