2023 MVR to CNY Historical Review

YEARLY HIGH

0.4780 CNY

YEARLY LOW

0.4353 CNY

YEARLY AVERAGE

0.4602 CNY

2023 MVR to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 0.4780. Conversely, the yearly low was recorded on January 14, dropping to 0.4353.

This high-to-low spread represents a total annual volatility of 0.0428 CNY. From a start-to-finish perspective, comparing the January average rate of 0.4415 to the December average rate of 0.4631, the exchange rate registered a net change of 4.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4780 was up 0.61% compared to the 2022 peak of 0.4751, 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 2,390 CNY

2022 Average 2,182 CNY

Yearly Trough Low 2,176 CNY

Transaction Impact: A difference of 213.90 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4762

0.4383

JanuMarcMayJulySeptNove

MVR to CNY 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 0.4509, compared to 0.4694 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0184 points.

H1 Avg (Jan–Jun) 0.4509

H2 Avg (Jul–Dec) 0.4694

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0173 CNY (High: 0.4780 / Low: 0.4608). On the other end, April was the most stable month, with a tight range of 0.0059 CNY (High: 0.4516 / Low: 0.4457).

November Spread (Volatile) ±0.0173

April Spread (Stable) ±0.0059

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0059 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.4690) against the same month in 2022 (average: 0.4652), the exchange rate shifted by +0.0037 (+0.80%).

2023 Avg (November) 0.4690

2022 Avg (November) 0.4652

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4487	0.4353	0.4415
February	0.4532	0.4385	0.4457
March	0.4537	0.4446	0.4483
April	0.4516	0.4457	0.4484
May	0.4648	0.4497	0.4554
June	0.4738	0.4614	0.4663
July	0.4738	0.4629	0.4674
August	0.4742	0.4652	0.4710
September	0.4753	0.4685	0.4730
October	0.4764	0.4655	0.4728
November	0.4780	0.4608	0.4690
December	0.4669	0.4595	0.4631