2023 MUR to NPR Historical Review

YEARLY HIGH

3.0472 NPR

YEARLY LOW

2.7740 NPR

YEARLY AVERAGE

2.9293 NPR

2023 MUR to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 3.0472. Conversely, the yearly low was recorded on March 10, dropping to 2.7740.

This high-to-low spread represents a total annual volatility of 0.2732 NPR. From a start-to-finish perspective, comparing the January average rate of 2.9672 to the December average rate of 3.0200, the exchange rate registered a net change of 1.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0472 was up 0.27% compared to the 2022 peak of 3.0389, 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 15,236 NPR

2022 Average 14,210 NPR

Yearly Trough Low 13,870 NPR

Transaction Impact: A difference of 1,366.11 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0388

2.8128

JanuMarcMayJulySeptNove

MUR to NPR 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 2.8953, compared to 2.9632 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0680 points.

H1 Avg (Jan–Jun) 2.8953

H2 Avg (Jul–Dec) 2.9632

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.1554 NPR (High: 2.9955 / Low: 2.8401). On the other end, October was the most stable month, with a tight range of 0.0258 NPR (High: 3.0148 / Low: 2.9891).

September Spread (Volatile) ±0.1554

October Spread (Stable) ±0.0258

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 0.0767 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0767

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 3.0200) against the same month in 2022 (average: 3.0079), the exchange rate shifted by +0.0121 (+0.40%).

2023 Avg (December) 3.0200

2022 Avg (December) 3.0079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0322	2.8894	2.9672
February	2.9672	2.8422	2.8905
March	2.8876	2.7740	2.8316
April	2.9255	2.8708	2.9027
May	2.9129	2.8758	2.8982
June	2.9117	2.8368	2.8814
July	2.9172	2.8448	2.8827
August	2.9440	2.8709	2.9126
September	2.9955	2.8401	2.9526
October	3.0148	2.9891	3.0014
November	3.0254	2.9641	3.0102
December	3.0472	2.9789	3.0200