2023 MVR to EUR Historical Review

YEARLY HIGH

0.0622 EUR

YEARLY LOW

0.0577 EUR

YEARLY AVERAGE

0.0601 EUR

2023 MVR to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.0622. Conversely, the yearly low was recorded on July 14, dropping to 0.0577.

This high-to-low spread represents a total annual volatility of 0.0044 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0603 to the December average rate of 0.0596, the exchange rate registered a net change of -1.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0622 was down 7.78% compared to the 2022 peak of 0.0674, 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 311 EUR

2022 Average 308 EUR

Yearly Trough Low 289 EUR

Transaction Impact: A difference of 22.24 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0618

0.0586

JanuMarcMayJulySeptNove

MVR to EUR 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 0.0602, compared to 0.0601 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0602

H2 Avg (Jul–Dec) 0.0601

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0030 EUR (High: 0.0611 / Low: 0.0581). On the other end, August was the most stable month, with a tight range of 0.0011 EUR (High: 0.0602 / Low: 0.0591).

May Spread (Volatile) ±0.0030

August Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0014 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0615) against the same month in 2022 (average: 0.0659), the exchange rate shifted by -0.0044 (-6.61%).

2023 Avg (October) 0.0615

2022 Avg (October) 0.0659

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0617	0.0596	0.0603
February	0.0617	0.0591	0.0609
March	0.0618	0.0595	0.0607
April	0.0603	0.0585	0.0593
May	0.0611	0.0581	0.0599
June	0.0609	0.0593	0.0601
July	0.0599	0.0577	0.0588
August	0.0602	0.0591	0.0596
September	0.0616	0.0602	0.0607
October	0.0622	0.0609	0.0615
November	0.0614	0.0591	0.0602
December	0.0605	0.0586	0.0596