2023 MUR to ZAR Historical Review

YEARLY HIGH

0.4413 ZAR

YEARLY LOW

0.3759 ZAR

YEARLY AVERAGE

0.4092 ZAR

2023 MUR to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 0.4413. Conversely, the yearly low was recorded on January 12, dropping to 0.3759.

This high-to-low spread represents a total annual volatility of 0.0654 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.3870 to the December average rate of 0.4213, the exchange rate registered a net change of 8.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4413 was up 5.61% compared to the 2022 peak of 0.4179, 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 2,206 ZAR

2022 Average 1,851 ZAR

Yearly Trough Low 1,879 ZAR

Transaction Impact: A difference of 327.00 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4336

0.3828

JanuMarcMayJulySeptNove

MUR to ZAR 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 0.4010, compared to 0.4174 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0164 points.

H1 Avg (Jan–Jun) 0.4010

H2 Avg (Jul–Dec) 0.4174

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0382 ZAR (High: 0.4208 / Low: 0.3826). On the other end, February was the most stable month, with a tight range of 0.0160 ZAR (High: 0.4000 / Low: 0.3840).

July Spread (Volatile) ±0.0382

February Spread (Stable) ±0.0160

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0108 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0108

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.4294) against the same month in 2022 (average: 0.4054), the exchange rate shifted by +0.0240 (+5.92%).

2023 Avg (October) 0.4294

2022 Avg (October) 0.4054

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3938	0.3759	0.3870
February	0.4000	0.3840	0.3920
March	0.4083	0.3848	0.3933
April	0.4084	0.3913	0.4024
May	0.4348	0.4021	0.4205
June	0.4294	0.3992	0.4105
July	0.4208	0.3826	0.3998
August	0.4225	0.4043	0.4129
September	0.4316	0.4104	0.4216
October	0.4413	0.4215	0.4294
November	0.4277	0.4065	0.4192
December	0.4327	0.4119	0.4213