2023 MUR to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MUR to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MUR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 65.1459. Conversely, the yearly low was recorded on March 10, dropping to 43.9523.
This high-to-low spread represents a total annual volatility of 21.1936 BIF. From a start-to-finish perspective, comparing the January average rate of 46.8897 to the December average rate of 64.5784, the exchange rate registered a net change of 37.72% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 65.1459 was up 35.85% compared to the 2022 peak of 47.9554, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MUR to BIF 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 49.6066, compared to 63.3776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.7710 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 16.4289 BIF (High: 62.0266 / Low: 45.5977). On the other end, October was the most stable month, with a tight range of 0.5813 BIF (High: 64.3100 / Low: 63.7287).
Growth Streaks & Declines
TrendsBetween March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.5403 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 64.5784) against the same month in 2022 (average: 47.1295), the exchange rate shifted by +17.4490 (+37.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 47.4647 | 45.6389 | 46.8897 |
| February | 46.9209 | 44.5479 | 45.3494 |
| March | 45.8746 | 43.9523 | 44.6962 |
| April | 46.4643 | 45.7070 | 46.0624 |
| May | 62.0266 | 45.5977 | 52.6492 |
| June | 62.5799 | 61.2015 | 61.9927 |
| July | 62.6882 | 61.1672 | 62.0921 |
| August | 62.8678 | 61.4698 | 62.3023 |
| September | 63.9966 | 60.9592 | 63.0464 |
| October | 64.3100 | 63.7287 | 64.0329 |
| November | 64.5430 | 63.3285 | 64.2137 |
| December | 65.1459 | 63.7445 | 64.5784 |