2023 MUR to IRR Historical Review

YEARLY HIGH

962.4402 IRR

YEARLY LOW

894.2010 IRR

YEARLY AVERAGE

936.3086 IRR

2023 MUR to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 962.4402. Conversely, the yearly low was recorded on March 23, dropping to 894.2010.

This high-to-low spread represents a total annual volatility of 68.2392 IRR. From a start-to-finish perspective, comparing the January average rate of 950.3901 to the December average rate of 956.6458, the exchange rate registered a net change of 0.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 962.4402 was down 3.07% compared to the 2022 peak of 992.9495, 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 4,812,201 IRR

2022 Average 4,778,404 IRR

Yearly Trough Low 4,471,005 IRR

Transaction Impact: A difference of 341,195.84 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

961.5449

902.7553

JanuMarcMayJulySeptNove

MUR to IRR 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 929.0875, compared to 943.5297 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.4422 points.

H1 Avg (Jan–Jun) 929.0875

H2 Avg (Jul–Dec) 943.5297

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 50.7651 IRR (High: 954.8643 / Low: 904.0991). On the other end, October was the most stable month, with a tight range of 7.8343 IRR (High: 955.8824 / Low: 948.0480).

February Spread (Volatile) ±50.7651

October Spread (Stable) ±7.8343

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 26.9058 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -26.9058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 956.6458) against the same month in 2022 (average: 951.1892), the exchange rate shifted by +5.4566 (+0.57%).

2023 Avg (December) 956.6458

2022 Avg (December) 951.1892

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	960.8997	934.4783	950.3901
February	954.8643	904.0991	923.4843
March	930.1431	894.2010	907.6544
April	942.5864	928.5714	936.1334
May	940.2747	924.5076	930.5841
June	933.5621	916.4859	926.2789
July	934.7952	913.6742	927.0300
August	938.4010	917.8246	929.4385
September	949.7735	906.2634	939.3257
October	955.8824	948.0480	953.1730
November	958.6168	940.2113	955.5656
December	962.4402	941.3215	956.6458