2023 MVR to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 186.6619. Conversely, the yearly low was recorded on March 18, dropping to 133.1531.
This high-to-low spread represents a total annual volatility of 53.5088 BIF. From a start-to-finish perspective, comparing the January average rate of 134.4836 to the December average rate of 185.4398, the exchange rate registered a net change of 37.89% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 186.6619 was up 37.70% compared to the 2022 peak of 135.5568, 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 BIF 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 146.7146, compared to 184.5084 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 37.7938 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 49.2509 BIF (High: 184.6608 / Low: 135.4100). On the other end, December was the most stable month, with a tight range of 0.9855 BIF (High: 185.8632 / Low: 184.8777).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4159 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 184.8220) against the same month in 2022 (average: 133.7371), the exchange rate shifted by +51.0849 (+38.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 135.1949 | 133.8092 | 134.4836 |
| February | 136.1455 | 134.4498 | 135.0302 |
| March | 135.7085 | 133.1531 | 135.0428 |
| April | 135.7605 | 134.1930 | 135.3933 |
| May | 184.6608 | 135.4100 | 155.9384 |
| June | 185.6303 | 183.8065 | 184.3992 |
| July | 185.6303 | 182.7882 | 184.0240 |
| August | 185.2194 | 183.7106 | 184.3646 |
| September | 184.8052 | 182.9499 | 183.9487 |
| October | 185.2355 | 183.3493 | 184.4513 |
| November | 186.6619 | 182.8556 | 184.8220 |
| December | 185.8632 | 184.8777 | 185.4398 |