2023 MUR to FJD Historical Review

YEARLY HIGH

0.0522 FJD

YEARLY LOW

0.0470 FJD

YEARLY AVERAGE

0.0494 FJD

2023 MUR to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 0.0522. Conversely, the yearly low was recorded on March 14, dropping to 0.0470.

This high-to-low spread represents a total annual volatility of 0.0052 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0494 to the December average rate of 0.0502, the exchange rate registered a net change of 1.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0522 was down 1.84% compared to the 2022 peak of 0.0531, 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 261 FJD

2022 Average 247 FJD

Yearly Trough Low 235 FJD

Transaction Impact: A difference of 25.94 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0518

0.0474

JanuMarcMayJulySeptNove

MUR to FJD 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 0.0486, compared to 0.0503 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0486

H2 Avg (Jul–Dec) 0.0503

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0032 FJD (High: 0.0517 / Low: 0.0485). On the other end, October was the most stable month, with a tight range of 0.0007 FJD (High: 0.0518 / Low: 0.0511).

September Spread (Volatile) ±0.0032

October Spread (Stable) ±0.0007

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 0.0014 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0511) against the same month in 2022 (average: 0.0510), the exchange rate shifted by +0.0001 (+0.17%).

2023 Avg (November) 0.0511

2022 Avg (November) 0.0510

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0506	0.0477	0.0494
February	0.0490	0.0472	0.0480
March	0.0486	0.0470	0.0477
April	0.0496	0.0483	0.0490
May	0.0496	0.0484	0.0490
June	0.0497	0.0480	0.0488
July	0.0494	0.0480	0.0487
August	0.0506	0.0489	0.0496
September	0.0517	0.0485	0.0505
October	0.0518	0.0511	0.0515
November	0.0522	0.0503	0.0511
December	0.0508	0.0490	0.0502