2023 MVR to HKD Historical Review

YEARLY HIGH

0.5121 HKD

YEARLY LOW

0.5044 HKD

YEARLY AVERAGE

0.5094 HKD

2023 MVR to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 28, valuing the pair at 0.5121. Conversely, the yearly low was recorded on November 20, dropping to 0.5044.

This high-to-low spread represents a total annual volatility of 0.0077 HKD. From a start-to-finish perspective, comparing the January average rate of 0.5083 to the December average rate of 0.5080, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5121 was up 0.13% compared to the 2022 peak of 0.5114, 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 2,560 HKD

2022 Average 2,539 HKD

Yearly Trough Low 2,522 HKD

Transaction Impact: A difference of 38.51 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5114

0.5076

JanuMarcMayJulySeptNove

MVR to HKD 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 0.5104, compared to 0.5084 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.5104

H2 Avg (Jul–Dec) 0.5084

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0077 HKD (High: 0.5120 / Low: 0.5044). On the other end, February was the most stable month, with a tight range of 0.0017 HKD (High: 0.5117 / Low: 0.5100).

November Spread (Volatile) ±0.0077

February Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0020 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.5107) against the same month in 2022 (average: 0.5082), the exchange rate shifted by +0.0025 (+0.50%).

2023 Avg (May) 0.5107

2022 Avg (May) 0.5082

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5104	0.5066	0.5083
February	0.5117	0.5100	0.5111
March	0.5117	0.5089	0.5105
April	0.5114	0.5094	0.5111
May	0.5121	0.5092	0.5107
June	0.5120	0.5091	0.5105
July	0.5119	0.5070	0.5084
August	0.5114	0.5074	0.5091
September	0.5094	0.5059	0.5079
October	0.5102	0.5074	0.5085
November	0.5120	0.5044	0.5081
December	0.5090	0.5062	0.5080