2023 MUR to TRY Historical Review

YEARLY HIGH

0.6732 TRY

YEARLY LOW

0.4025 TRY

YEARLY AVERAGE

0.5284 TRY

2023 MUR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.6732. Conversely, the yearly low was recorded on March 13, dropping to 0.4025.

This high-to-low spread represents a total annual volatility of 0.2708 TRY. From a start-to-finish perspective, comparing the January average rate of 0.4256 to the December average rate of 0.6592, the exchange rate registered a net change of 54.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6732 was up 57.06% compared to the 2022 peak of 0.4286, 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 3,366 TRY

2022 Average 1,872 TRY

Yearly Trough Low 2,012 TRY

Transaction Impact: A difference of 1,353.79 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6842

0.3840

JanuMarcMayJulySeptNove

MUR to TRY 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 0.4384, compared to 0.6183 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1799 points.

H1 Avg (Jan–Jun) 0.4384

H2 Avg (Jul–Dec) 0.6183

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1200 TRY (High: 0.5740 / Low: 0.4540). On the other end, April was the most stable month, with a tight range of 0.0115 TRY (High: 0.4335 / Low: 0.4220).

June Spread (Volatile) ±0.1200

April Spread (Stable) ±0.0115

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0133 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0133

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.6592) against the same month in 2022 (average: 0.4253), the exchange rate shifted by +0.2339 (+55.01%).

2023 Avg (December) 0.6592

2022 Avg (December) 0.4253

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4317	0.4166	0.4256
February	0.4258	0.4044	0.4123
March	0.4220	0.4025	0.4090
April	0.4335	0.4220	0.4285
May	0.4542	0.4284	0.4353
June	0.5740	0.4540	0.5196
July	0.5956	0.5652	0.5809
August	0.6009	0.5661	0.5917
September	0.6165	0.5743	0.6005
October	0.6398	0.6177	0.6292
November	0.6564	0.6386	0.6482
December	0.6732	0.6495	0.6592