2023 MVR to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 52.6506. Conversely, the yearly low was recorded on January 1, dropping to 11.4759.
This high-to-low spread represents a total annual volatility of 41.1747 ARS. From a start-to-finish perspective, comparing the January average rate of 11.8331 to the December average rate of 41.0964, the exchange rate registered a net change of 247.30% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 52.6506 was up 357.89% compared to the 2022 peak of 11.4986, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MVR to ARS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 13.7871, compared to 24.6194 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.8323 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 29.1692 ARS (High: 52.6506 / Low: 23.4814). On the other end, September was the most stable month, with a tight range of 0.1608 ARS (High: 22.7664 / Low: 22.6056).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 41.0964) against the same month in 2022 (average: 11.2081), the exchange rate shifted by +29.8883 (+266.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 12.1744 | 11.4759 | 11.8331 |
| February | 12.8350 | 12.1922 | 12.4907 |
| March | 13.5435 | 12.8705 | 13.1733 |
| April | 14.4636 | 13.5230 | 14.0130 |
| May | 15.6514 | 14.4838 | 15.0382 |
| June | 16.7539 | 15.6568 | 16.1741 |
| July | 17.9339 | 16.6529 | 17.2798 |
| August | 22.8235 | 17.9809 | 20.9076 |
| September | 22.7664 | 22.6056 | 22.6954 |
| October | 22.8973 | 22.7023 | 22.7460 |
| November | 23.4834 | 22.4941 | 22.9911 |
| December | 52.6506 | 23.4814 | 41.0964 |