2023 MUR to GHS Historical Review

YEARLY HIGH

0.2820 GHS

YEARLY LOW

0.1902 GHS

YEARLY AVERAGE

0.2593 GHS

2023 MUR to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 0.2820. Conversely, the yearly low was recorded on January 1, dropping to 0.1902.

This high-to-low spread represents a total annual volatility of 0.0919 GHS. From a start-to-finish perspective, comparing the January average rate of 0.2593 to the December average rate of 0.2723, the exchange rate registered a net change of 5.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2820 was down 15.33% compared to the 2022 peak of 0.3331, 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 1,410 GHS

2022 Average 1,018 GHS

Yearly Trough Low 951 GHS

Transaction Impact: A difference of 459.27 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2756

0.2454

JanuMarcMayJulySeptNove

MUR to GHS 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 0.2583, compared to 0.2602 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.2583

H2 Avg (Jul–Dec) 0.2602

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0912 GHS (High: 0.2813 / Low: 0.1902). On the other end, December was the most stable month, with a tight range of 0.0056 GHS (High: 0.2748 / Low: 0.2692).

January Spread (Volatile) ±0.0912

December Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0119 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0119

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.2731) against the same month in 2022 (average: 0.1488), the exchange rate shifted by +0.1243 (+83.50%).

2023 Avg (February) 0.2731

2022 Avg (February) 0.1488

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2813	0.1902	0.2593
February	0.2820	0.2673	0.2731
March	0.2759	0.2563	0.2654
April	0.2674	0.2369	0.2535
May	0.2623	0.2339	0.2502
June	0.2531	0.2443	0.2481
July	0.2569	0.2459	0.2503
August	0.2525	0.2438	0.2479
September	0.2607	0.2447	0.2554
October	0.2689	0.2608	0.2653
November	0.2722	0.2659	0.2701
December	0.2748	0.2692	0.2723