2023 MUR to PHP Historical Review

YEARLY HIGH

1.2882 PHP

YEARLY LOW

1.1581 PHP

YEARLY AVERAGE

1.2335 PHP

2023 MUR to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 9, valuing the pair at 1.2882. Conversely, the yearly low was recorded on March 16, dropping to 1.1581.

This high-to-low spread represents a total annual volatility of 0.1301 PHP. From a start-to-finish perspective, comparing the January average rate of 1.2451 to the December average rate of 1.2577, the exchange rate registered a net change of 1.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.2882 was down 4.23% compared to the 2022 peak of 1.3452, 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 6,441 PHP

2022 Average 6,159 PHP

Yearly Trough Low 5,791 PHP

Transaction Impact: A difference of 650.49 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2912

1.1679

JanuMarcMayJulySeptNove

MUR to PHP 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 1.2163, compared to 1.2506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0344 points.

H1 Avg (Jan–Jun) 1.2163

H2 Avg (Jul–Dec) 1.2506

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0743 PHP (High: 1.2809 / Low: 1.2066). On the other end, October was the most stable month, with a tight range of 0.0133 PHP (High: 1.2882 / Low: 1.2750).

January Spread (Volatile) ±0.0743

October Spread (Stable) ±0.0133

Growth Streaks & Declines

Trends

Between 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 January and February, when the average rate fell by 0.0453 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0453

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.2810) against the same month in 2022 (average: 1.3143), the exchange rate shifted by -0.0334 (-2.54%).

2023 Avg (October) 1.2810

2022 Avg (October) 1.3143

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2809	1.2066	1.2451
February	1.2242	1.1820	1.1998
March	1.1997	1.1581	1.1782
April	1.2498	1.1929	1.2241
May	1.2375	1.2177	1.2277
June	1.2370	1.2005	1.2228
July	1.2270	1.1822	1.2049
August	1.2555	1.2146	1.2377
September	1.2813	1.2184	1.2626
October	1.2882	1.2750	1.2810
November	1.2808	1.2408	1.2600
December	1.2686	1.2447	1.2577