2023 MVR to HUF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to HUF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 24.6287. Conversely, the yearly low was recorded on July 17, dropping to 21.5999.
This high-to-low spread represents a total annual volatility of 3.0288 HUF. From a start-to-finish perspective, comparing the January average rate of 23.7935 to the December average rate of 22.7392, the exchange rate registered a net change of -4.43% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 24.6287 was down 14.56% compared to the 2022 peak of 28.8246, 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 HUF 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 22.9192, compared to 23.0050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0858 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 1.6669 HUF (High: 24.3057 / Low: 22.6388). On the other end, June was the most stable month, with a tight range of 0.6148 HUF (High: 22.5398 / Low: 21.9250).
Growth Streaks & Declines
TrendsBetween June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.0896 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 23.7935) against the same month in 2022 (average: 20.5299), the exchange rate shifted by +3.2636 (+15.90%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.6287 | 23.0617 | 23.7935 |
| February | 23.9554 | 22.9181 | 23.4068 |
| March | 24.3057 | 22.6388 | 23.3942 |
| April | 22.9612 | 22.0263 | 22.3046 |
| May | 22.7121 | 21.9153 | 22.3368 |
| June | 22.5398 | 21.9250 | 22.2791 |
| July | 23.0286 | 21.5999 | 22.3131 |
| August | 23.3967 | 22.5546 | 22.9614 |
| September | 24.1806 | 23.0074 | 23.4904 |
| October | 24.1753 | 23.2321 | 23.7179 |
| November | 23.5543 | 22.3422 | 22.8079 |
| December | 23.1595 | 22.3948 | 22.7392 |