2023 MUR to SYP Historical Review

YEARLY HIGH

57.6891 SYP

YEARLY LOW

53.2880 SYP

YEARLY AVERAGE

55.7216 SYP

2023 MUR to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 57.6891. Conversely, the yearly low was recorded on March 16, dropping to 53.2880.

This high-to-low spread represents a total annual volatility of 4.4011 SYP. From a start-to-finish perspective, comparing the January average rate of 56.9436 to the December average rate of 56.9166, the exchange rate registered a net change of -0.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 57.6891 was down 2.18% compared to the 2022 peak of 58.9772, 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 288,446 SYP

2022 Average 284,032 SYP

Yearly Trough Low 266,440 SYP

Transaction Impact: A difference of 22,005.47 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

57.2291

53.8029

JanuMarcMayJulySeptNove

MUR to SYP 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 55.3357, compared to 56.1075 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7717 points.

H1 Avg (Jan–Jun) 55.3357

H2 Avg (Jul–Dec) 56.1075

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 2.9862 SYP (High: 56.8446 / Low: 53.8583). On the other end, October was the most stable month, with a tight range of 0.4501 SYP (High: 56.8455 / Low: 56.3954).

February Spread (Volatile) ±2.9862

October Spread (Stable) ±0.4501

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 1.9848 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -1.9848

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 56.9436) against the same month in 2022 (average: 57.5393), the exchange rate shifted by -0.5957 (-1.04%).

2023 Avg (January) 56.9436

2022 Avg (January) 57.5393

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	57.6891	55.6376	56.9436
February	56.8446	53.8583	54.9588
March	55.2812	53.2880	54.0884
April	56.0207	55.2204	55.6592
May	55.8976	54.9764	55.3119
June	55.4844	54.4899	55.0526
July	55.5577	54.2703	55.1365
August	55.7226	54.5491	55.2335
September	56.4980	53.8938	55.8569
October	56.8455	56.3954	56.6835
November	56.9743	55.8961	56.8179
December	57.2276	56.2717	56.9166