2023 MUR to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MUR to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MUR to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on October 19, valuing the pair at 30.5981. Conversely, the yearly low was recorded on January 28, dropping to 27.2383.
This high-to-low spread represents a total annual volatility of 3.3598 KRW. From a start-to-finish perspective, comparing the January average rate of 28.1628 to the December average rate of 29.4812, the exchange rate registered a net change of 4.68% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 30.5981 was down 6.39% compared to the 2022 peak of 32.6881, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MUR to KRW Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 28.5236, compared to 29.4075 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8839 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 2.0932 KRW (High: 30.4227 / Low: 28.3294). On the other end, October was the most stable month, with a tight range of 0.3450 KRW (High: 30.5981 / Low: 30.2531).
Growth Streaks & Declines
TrendsBetween 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 October and November, when the average rate fell by 0.9153 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 30.4634) against the same month in 2022 (average: 31.9525), the exchange rate shifted by -1.4891 (-4.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 29.1650 | 27.2383 | 28.1628 |
| February | 28.6095 | 27.4857 | 27.9878 |
| March | 28.7452 | 27.5017 | 28.0944 |
| April | 29.8742 | 28.7139 | 29.2759 |
| May | 29.8734 | 28.8859 | 29.2345 |
| June | 29.0537 | 27.5042 | 28.3860 |
| July | 28.9308 | 27.6106 | 28.1994 |
| August | 29.5950 | 28.5265 | 29.0966 |
| September | 30.4227 | 28.3294 | 29.6560 |
| October | 30.5981 | 30.2531 | 30.4634 |
| November | 30.4672 | 28.7618 | 29.5481 |
| December | 29.8735 | 28.9592 | 29.4812 |