2023 MUR to CVE Historical Review

YEARLY HIGH

2.3994 CVE

YEARLY LOW

2.1582 CVE

YEARLY AVERAGE

2.2642 CVE

2023 MUR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 2.3994. Conversely, the yearly low was recorded on July 23, dropping to 2.1582.

This high-to-low spread represents a total annual volatility of 0.2413 CVE. From a start-to-finish perspective, comparing the January average rate of 2.3229 to the December average rate of 2.2918, the exchange rate registered a net change of -1.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3994 was down 9.78% compared to the 2022 peak of 2.6595, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,997 CVE

2022 Average 11,879 CVE

Yearly Trough Low 10,791 CVE

Transaction Impact: A difference of 1,206.45 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3737

2.1741

JanuMarcMayJulySeptNove

MUR to CVE 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 2.2500, compared to 2.2784 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0284 points.

H1 Avg (Jan–Jun) 2.2500

H2 Avg (Jul–Dec) 2.2784

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.1638 CVE (High: 2.3543 / Low: 2.1905). On the other end, April was the most stable month, with a tight range of 0.0327 CVE (High: 2.2417 / Low: 2.2090).

September Spread (Volatile) ±0.1638

April Spread (Stable) ±0.0327

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 January and February, when the average rate fell by 0.0685 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0685

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.3229) against the same month in 2022 (average: 2.2378), the exchange rate shifted by +0.0851 (+3.80%).

2023 Avg (January) 2.3229

2022 Avg (January) 2.2378

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3994	2.2456	2.3229
February	2.2937	2.2195	2.2543
March	2.2537	2.1748	2.2187
April	2.2417	2.2090	2.2307
May	2.2683	2.2077	2.2379
June	2.2733	2.1944	2.2357
July	2.2381	2.1582	2.1907
August	2.2467	2.1934	2.2227
September	2.3543	2.1905	2.2961
October	2.3778	2.3400	2.3571
November	2.3718	2.2648	2.3122
December	2.3500	2.2326	2.2918