2023 MVR to CAD Historical Review

YEARLY HIGH

0.0905 CAD

YEARLY LOW

0.0851 CAD

YEARLY AVERAGE

0.0878 CAD

2023 MVR to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 0.0905. Conversely, the yearly low was recorded on July 13, dropping to 0.0851.

This high-to-low spread represents a total annual volatility of 0.0054 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0872 to the December average rate of 0.0872, the exchange rate registered a net change of 0.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0905 was up 0.79% compared to the 2022 peak of 0.0898, 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 453 CAD

2022 Average 422 CAD

Yearly Trough Low 425 CAD

Transaction Impact: A difference of 27.04 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0895

0.0857

JanuMarcMayJulySeptNove

MVR to CAD 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 0.0878, compared to 0.0879 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0878

H2 Avg (Jul–Dec) 0.0879

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0029 CAD (High: 0.0886 / Low: 0.0857). On the other end, September was the most stable month, with a tight range of 0.0015 CAD (High: 0.0886 / Low: 0.0871).

December Spread (Volatile) ±0.0029

September Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between July and November, 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 November and December, when the average rate fell by 0.0020 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0892) against the same month in 2022 (average: 0.0872), the exchange rate shifted by +0.0020 (+2.35%).

2023 Avg (November) 0.0892

2022 Avg (November) 0.0872

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0887	0.0866	0.0872
February	0.0888	0.0864	0.0877
March	0.0902	0.0878	0.0891
April	0.0891	0.0869	0.0880
May	0.0890	0.0871	0.0882
June	0.0879	0.0856	0.0866
July	0.0869	0.0851	0.0860
August	0.0884	0.0864	0.0877
September	0.0886	0.0871	0.0879
October	0.0902	0.0882	0.0891
November	0.0905	0.0883	0.0892
December	0.0886	0.0857	0.0872