2023 MUR to RSD Historical Review

YEARLY HIGH

2.5524 RSD

YEARLY LOW

2.2942 RSD

YEARLY AVERAGE

2.4044 RSD

2023 MUR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 2.5524. Conversely, the yearly low was recorded on July 23, dropping to 2.2942.

This high-to-low spread represents a total annual volatility of 0.2582 RSD. From a start-to-finish perspective, comparing the January average rate of 2.4663 to the December average rate of 2.4315, the exchange rate registered a net change of -1.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.5524 was down 7.53% compared to the 2022 peak of 2.7603, 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 12,762 RSD

2022 Average 12,622 RSD

Yearly Trough Low 11,471 RSD

Transaction Impact: A difference of 1,291.02 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.5216

2.3088

JanuMarcMayJulySeptNove

MUR to RSD 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 2.3891, compared to 2.4197 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0306 points.

H1 Avg (Jan–Jun) 2.3891

H2 Avg (Jul–Dec) 2.4197

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.1785 RSD (High: 2.5095 / Low: 2.3310). On the other end, April was the most stable month, with a tight range of 0.0346 RSD (High: 2.3830 / Low: 2.3485).

September Spread (Volatile) ±0.1785

April Spread (Stable) ±0.0346

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 0.0682 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0682

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.4663) against the same month in 2022 (average: 2.3787), the exchange rate shifted by +0.0876 (+3.68%).

2023 Avg (January) 2.4663

2022 Avg (January) 2.3787

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5524	2.3900	2.4663
February	2.4281	2.3604	2.3981
March	2.3999	2.3172	2.3567
April	2.3830	2.3485	2.3682
May	2.4044	2.3367	2.3759
June	2.4079	2.3297	2.3691
July	2.3722	2.2942	2.3265
August	2.3895	2.3326	2.3631
September	2.5095	2.3310	2.4423
October	2.5231	2.4751	2.5039
November	2.5014	2.4040	2.4506
December	2.4684	2.3623	2.4315