2023 MUR to NOK Historical Review

YEARLY HIGH

0.2539 NOK

YEARLY LOW

0.2186 NOK

YEARLY AVERAGE

0.2342 NOK

2023 MUR to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 0.2539. Conversely, the yearly low was recorded on January 29, dropping to 0.2186.

This high-to-low spread represents a total annual volatility of 0.0353 NOK. From a start-to-finish perspective, comparing the January average rate of 0.2250 to the December average rate of 0.2382, the exchange rate registered a net change of 5.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2539 was up 3.22% compared to the 2022 peak of 0.2460, 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 1,269 NOK

2022 Average 1,087 NOK

Yearly Trough Low 1,093 NOK

Transaction Impact: A difference of 176.59 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2506

0.2217

JanuMarcMayJulySeptNove

MUR to NOK 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 0.2305, compared to 0.2379 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 0.2305

H2 Avg (Jul–Dec) 0.2379

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0226 NOK (High: 0.2488 / Low: 0.2262). On the other end, February was the most stable month, with a tight range of 0.0079 NOK (High: 0.2279 / Low: 0.2201).

December Spread (Volatile) ±0.0226

February Spread (Stable) ±0.0079

Growth Streaks & Declines

Trends

Between February and May, 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 June and July, when the average rate fell by 0.0108 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0108

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.2466) against the same month in 2022 (average: 0.2298), the exchange rate shifted by +0.0168 (+7.32%).

2023 Avg (November) 0.2466

2022 Avg (November) 0.2298

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2347	0.2186	0.2250
February	0.2279	0.2201	0.2241
March	0.2327	0.2234	0.2268
April	0.2377	0.2259	0.2328
May	0.2453	0.2316	0.2380
June	0.2424	0.2305	0.2365
July	0.2361	0.2187	0.2257
August	0.2349	0.2227	0.2302
September	0.2422	0.2283	0.2385
October	0.2526	0.2411	0.2482
November	0.2539	0.2404	0.2466
December	0.2488	0.2262	0.2382