2023 MUR to SGD Historical Review

YEARLY HIGH

0.0310 SGD

YEARLY LOW

0.0285 SGD

YEARLY AVERAGE

0.0298 SGD

2023 MUR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 0.0310. Conversely, the yearly low was recorded on March 23, dropping to 0.0285.

This high-to-low spread represents a total annual volatility of 0.0025 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0300 to the December average rate of 0.0302, the exchange rate registered a net change of 0.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0310 was down 5.60% compared to the 2022 peak of 0.0328, 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 155 SGD

2022 Average 156 SGD

Yearly Trough Low 143 SGD

Transaction Impact: A difference of 12.41 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0311

0.0287

JanuMarcMayJulySeptNove

MUR to SGD 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 0.0294, compared to 0.0301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0294

H2 Avg (Jul–Dec) 0.0301

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0018 SGD (High: 0.0309 / Low: 0.0291). On the other end, October was the most stable month, with a tight range of 0.0003 SGD (High: 0.0310 / Low: 0.0307).

September Spread (Volatile) ±0.0018

October Spread (Stable) ±0.0003

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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0309) against the same month in 2022 (average: 0.0319), the exchange rate shifted by -0.0010 (-3.04%).

2023 Avg (October) 0.0309

2022 Avg (October) 0.0319

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0308	0.0291	0.0300
February	0.0295	0.0287	0.0292
March	0.0293	0.0285	0.0289
April	0.0298	0.0292	0.0295
May	0.0298	0.0292	0.0295
June	0.0298	0.0291	0.0295
July	0.0297	0.0287	0.0293
August	0.0300	0.0294	0.0297
September	0.0309	0.0291	0.0303
October	0.0310	0.0307	0.0309
November	0.0309	0.0300	0.0305
December	0.0305	0.0296	0.0302