2023 MVR to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 181.9347. Conversely, the yearly low was recorded on January 7, dropping to 131.5380.
This high-to-low spread represents a total annual volatility of 50.3967 CDF. From a start-to-finish perspective, comparing the January average rate of 133.1719 to the December average rate of 177.1007, the exchange rate registered a net change of 32.99% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 181.9347 was up 35.23% compared to the 2022 peak of 134.5344, 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 CDF 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 138.9983, compared to 164.8423 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 25.8440 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 19.6301 CDF (High: 152.4958 / Low: 132.8657). On the other end, September was the most stable month, with a tight range of 2.4655 CDF (High: 162.0130 / Low: 159.5474).
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: 177.1007) against the same month in 2022 (average: 133.0759), the exchange rate shifted by +44.0248 (+33.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 134.8162 | 131.5380 | 133.1719 |
| February | 135.6094 | 133.1380 | 134.3332 |
| March | 136.0410 | 132.7709 | 134.5053 |
| April | 142.2299 | 132.7709 | 135.5196 |
| May | 152.4958 | 132.8657 | 142.6306 |
| June | 157.4135 | 151.3672 | 153.8294 |
| July | 166.1238 | 157.4135 | 160.5808 |
| August | 162.1296 | 158.9577 | 161.0848 |
| September | 162.0130 | 159.5474 | 161.1041 |
| October | 168.6688 | 160.4550 | 163.6527 |
| November | 177.3835 | 159.8638 | 165.5307 |
| December | 181.9347 | 173.0519 | 177.1007 |