2023 MOP to SHP Historical Review

YEARLY HIGH

0.1046 SHP

YEARLY LOW

0.0945 SHP

YEARLY AVERAGE

0.0998 SHP

2023 MOP to SHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to SHP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.1046. Conversely, the yearly low was recorded on July 13, dropping to 0.0945.

This high-to-low spread represents a total annual volatility of 0.0101 SHP. From a start-to-finish perspective, comparing the January average rate of 0.1014 to the December average rate of 0.0980, the exchange rate registered a net change of -3.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1046 was down 9.27% compared to the 2022 peak of 0.1153, 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 523 SHP

2022 Average 503 SHP

Yearly Trough Low 473 SHP

Transaction Impact: A difference of 50.32 SHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1032

0.0960

JanuMarcMayJulySeptNove

MOP to SHP 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 0.1005, compared to 0.0991 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.1005

H2 Avg (Jul–Dec) 0.0991

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0048 SHP (High: 0.1046 / Low: 0.0998). On the other end, August was the most stable month, with a tight range of 0.0013 SHP (High: 0.0984 / Low: 0.0972).

March Spread (Volatile) ±0.0048

August Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.0026 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1021) against the same month in 2022 (average: 0.0943), the exchange rate shifted by +0.0078 (+8.25%).

2023 Avg (March) 0.1021

2022 Avg (March) 0.0943

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1043	0.0998	0.1014
February	0.1036	0.0999	0.1026
March	0.1046	0.0998	0.1021
April	0.1009	0.0984	0.0995
May	0.1007	0.0976	0.0993
June	0.0998	0.0967	0.0981
July	0.0982	0.0945	0.0966
August	0.0984	0.0972	0.0977
September	0.1022	0.0981	0.1001
October	0.1027	0.1008	0.1020
November	0.1021	0.0980	0.1002
December	0.0990	0.0970	0.0980