2023 MVR to AED Historical Review

YEARLY HIGH

0.2408 AED

YEARLY LOW

0.2374 AED

YEARLY AVERAGE

0.2389 AED

2023 MVR to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 0.2408. Conversely, the yearly low was recorded on September 28, dropping to 0.2374.

This high-to-low spread represents a total annual volatility of 0.0035 AED. From a start-to-finish perspective, comparing the January average rate of 0.2387 to the December average rate of 0.2389, the exchange rate registered a net change of 0.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2408 was up 0.16% compared to the 2022 peak of 0.2405, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MVR based on timing:

Yearly Peak High 1,204 AED

2022 Average 1,191 AED

Yearly Trough Low 1,187 AED

Transaction Impact: A difference of 17.49 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2395

0.2381

JanuMarcMayJulySeptNove

MVR to AED 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 0.2391, compared to 0.2388 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.2391

H2 Avg (Jul–Dec) 0.2388

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0031 AED (High: 0.2408 / Low: 0.2377). On the other end, February was the most stable month, with a tight range of 0.0003 AED (High: 0.2394 / Low: 0.2391).

November Spread (Volatile) ±0.0031

February Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between March and June, 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 August and September, when the average rate fell by 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.2391) against the same month in 2022 (average: 0.2385), the exchange rate shifted by +0.0006 (+0.24%).

2023 Avg (November) 0.2391

2022 Avg (November) 0.2385

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2394	0.2383	0.2387
February	0.2394	0.2391	0.2392
March	0.2394	0.2381	0.2389
April	0.2393	0.2383	0.2391
May	0.2401	0.2391	0.2393
June	0.2401	0.2391	0.2394
July	0.2399	0.2384	0.2389
August	0.2396	0.2385	0.2389
September	0.2389	0.2374	0.2382
October	0.2393	0.2384	0.2387
November	0.2408	0.2377	0.2391
December	0.2393	0.2385	0.2389