2023 MUR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MUR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MUR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 20.4422. Conversely, the yearly low was recorded on March 10, dropping to 9.7359.
This high-to-low spread represents a total annual volatility of 10.7063 NGN. From a start-to-finish perspective, comparing the January average rate of 10.3025 to the December average rate of 18.3530, the exchange rate registered a net change of 78.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 20.4422 was up 99.79% compared to the 2022 peak of 10.2318, 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 NGN 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 10.6294, compared to 17.5424 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.9130 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 7.9711 NGN (High: 17.9854 / Low: 10.0144). On the other end, May was the most stable month, with a tight range of 0.1680 NGN (High: 10.2520 / Low: 10.0840).
Growth Streaks & Declines
TrendsBetween 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 January and February, when the average rate fell by 0.2326 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 18.3530) against the same month in 2022 (average: 10.1544), the exchange rate shifted by +8.1986 (+80.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.4682 | 10.1402 | 10.3025 |
| February | 10.4183 | 9.8842 | 10.0699 |
| March | 10.1285 | 9.7359 | 9.8962 |
| April | 10.3338 | 10.1174 | 10.2181 |
| May | 10.2520 | 10.0840 | 10.1556 |
| June | 17.9854 | 10.0144 | 13.1344 |
| July | 17.4533 | 16.4245 | 17.0512 |
| August | 17.1858 | 16.3967 | 16.8713 |
| September | 17.5726 | 16.2482 | 17.2092 |
| October | 19.9687 | 17.1649 | 17.6598 |
| November | 18.6542 | 17.6142 | 18.1100 |
| December | 20.4422 | 17.1221 | 18.3530 |