2023 MUR to HNL Historical Review

YEARLY HIGH

0.5650 HNL

YEARLY LOW

0.5213 HNL

YEARLY AVERAGE

0.5470 HNL

2023 MUR to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.5650. Conversely, the yearly low was recorded on March 10, dropping to 0.5213.

This high-to-low spread represents a total annual volatility of 0.0436 HNL. From a start-to-finish perspective, comparing the January average rate of 0.5590 to the December average rate of 0.5598, the exchange rate registered a net change of 0.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5650 was down 3.95% compared to the 2022 peak of 0.5882, 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 2,825 HNL

2022 Average 2,782 HNL

Yearly Trough Low 2,607 HNL

Transaction Impact: A difference of 218.23 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5628

0.5273

JanuMarcMayJulySeptNove

MUR to HNL 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 0.5427, compared to 0.5512 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0086 points.

H1 Avg (Jan–Jun) 0.5427

H2 Avg (Jul–Dec) 0.5512

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0302 HNL (High: 0.5589 / Low: 0.5287). On the other end, October was the most stable month, with a tight range of 0.0075 HNL (High: 0.5617 / Low: 0.5542).

September Spread (Volatile) ±0.0302

October Spread (Stable) ±0.0075

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0198 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0198

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5590) against the same month in 2022 (average: 0.5616), the exchange rate shifted by -0.0025 (-0.45%).

2023 Avg (January) 0.5590

2022 Avg (January) 0.5616

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5650	0.5464	0.5590
February	0.5580	0.5289	0.5392
March	0.5426	0.5213	0.5303
April	0.5489	0.5405	0.5446
May	0.5478	0.5364	0.5422
June	0.5461	0.5336	0.5407
July	0.5457	0.5318	0.5404
August	0.5481	0.5336	0.5412
September	0.5589	0.5287	0.5507
October	0.5617	0.5542	0.5573
November	0.5612	0.5496	0.5580
December	0.5631	0.5529	0.5598