2023 MVR to GNF Historical Review

YEARLY HIGH

573.2899 GNF

YEARLY LOW

551.3794 GNF

YEARLY AVERAGE

560.7239 GNF

2023 MVR to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 3, valuing the pair at 573.2899. Conversely, the yearly low was recorded on March 19, dropping to 551.3794.

This high-to-low spread represents a total annual volatility of 21.9105 GNF. From a start-to-finish perspective, comparing the January average rate of 563.3428 to the December average rate of 559.5590, the exchange rate registered a net change of -0.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 573.2899 was down 5.32% compared to the 2022 peak of 605.5195, 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 2,866,450 GNF

2022 Average 2,855,172 GNF

Yearly Trough Low 2,756,897 GNF

Transaction Impact: A difference of 109,552.30 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

563.8637

557.6131

JanuMarcMayJulySeptNove

MVR to GNF 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 562.0643, compared to 559.3835 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.6808 points.

H1 Avg (Jan–Jun) 562.0643

H2 Avg (Jul–Dec) 559.3835

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 21.9105 GNF (High: 573.2899 / Low: 551.3794). On the other end, December was the most stable month, with a tight range of 5.1617 GNF (High: 561.0059 / Low: 555.8442).

March Spread (Volatile) ±21.9105

December Spread (Stable) ±5.1617

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 2.3817 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.3817

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 561.7626) against the same month in 2022 (average: 579.1646), the exchange rate shifted by -17.4020 (-3.00%).

2023 Avg (March) 561.7626

2022 Avg (March) 579.1646

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	572.9167	557.5995	563.3428
February	572.9167	555.5315	563.0669
March	573.2899	551.3794	561.7626
April	563.8436	553.8832	559.9956
May	565.2245	558.9318	562.0496
June	564.9902	559.4816	562.1681
July	564.9902	555.9224	559.7864
August	563.8436	557.4723	560.1721
September	562.0130	554.4537	558.1340
October	562.4187	555.0595	558.9194
November	565.2885	553.4440	559.7299
December	561.0059	555.8442	559.5590