2023 MUR to MVR Historical Review

YEARLY HIGH

0.3536 MVR

YEARLY LOW

0.3260 MVR

YEARLY AVERAGE

0.3409 MVR

2023 MUR to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 0.3536. Conversely, the yearly low was recorded on March 13, dropping to 0.3260.

This high-to-low spread represents a total annual volatility of 0.0276 MVR. From a start-to-finish perspective, comparing the January average rate of 0.3487 to the December average rate of 0.3482, the exchange rate registered a net change of -0.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3536 was down 2.29% compared to the 2022 peak of 0.3619, 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 1,768 MVR

2022 Average 1,744 MVR

Yearly Trough Low 1,630 MVR

Transaction Impact: A difference of 138.06 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3504

0.3292

JanuMarcMayJulySeptNove

MUR to MVR 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 0.3383, compared to 0.3435 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 0.3383

H2 Avg (Jul–Dec) 0.3435

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0185 MVR (High: 0.3475 / Low: 0.3290). On the other end, October was the most stable month, with a tight range of 0.0035 MVR (High: 0.3486 / Low: 0.3452).

February Spread (Volatile) ±0.0185

October Spread (Stable) ±0.0035

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 0.0128 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0128

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3487) against the same month in 2022 (average: 0.3538), the exchange rate shifted by -0.0052 (-1.46%).

2023 Avg (January) 0.3487

2022 Avg (January) 0.3538

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3536	0.3401	0.3487
February	0.3475	0.3290	0.3358
March	0.3391	0.3260	0.3310
April	0.3423	0.3374	0.3402
May	0.3417	0.3348	0.3378
June	0.3390	0.3323	0.3362
July	0.3407	0.3316	0.3374
August	0.3404	0.3342	0.3379
September	0.3474	0.3303	0.3427
October	0.3486	0.3452	0.3472
November	0.3503	0.3402	0.3474
December	0.3508	0.3442	0.3482