2023 MVR to IRR Historical Review

YEARLY HIGH

2772.1311 IRR

YEARLY LOW

2703.5065 IRR

YEARLY AVERAGE

2746.7662 IRR

2023 MVR to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 2772.1311. Conversely, the yearly low was recorded on January 16, dropping to 2703.5065.

This high-to-low spread represents a total annual volatility of 68.6247 IRR. From a start-to-finish perspective, comparing the January average rate of 2725.8896 to the December average rate of 2747.0660, the exchange rate registered a net change of 0.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2772.1311 was down 0.13% compared to the 2022 peak of 2775.7774, 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 13,860,656 IRR

2022 Average 13,703,112 IRR

Yearly Trough Low 13,517,532 IRR

Transaction Impact: A difference of 343,123.27 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2758.1877

2722.9534

JanuMarcMayJulySeptNove

MVR to IRR 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 2746.6030, compared to 2746.9294 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3263 points.

H1 Avg (Jan–Jun) 2746.6030

H2 Avg (Jul–Dec) 2746.9294

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 48.4108 IRR (High: 2758.9577 / Low: 2710.5469). On the other end, April was the most stable month, with a tight range of 10.7232 IRR (High: 2754.0717 / Low: 2743.3485).

February Spread (Volatile) ±48.4108

April Spread (Stable) ±10.7232

Growth Streaks & Declines

Trends

Between March and June, 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 August and September, when the average rate fell by 9.7374 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -9.7374

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2750.3275) against the same month in 2022 (average: 2751.0589), the exchange rate shifted by -0.7314 (-0.03%).

2023 Avg (November) 2750.3275

2022 Avg (November) 2751.0589

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2749.1857	2703.5065	2725.8896
February	2758.9577	2710.5469	2749.7446
March	2754.0717	2714.0437	2742.3651
April	2754.0717	2743.3485	2751.6132
May	2764.7059	2750.6510	2754.7542
June	2764.7059	2750.6510	2755.2515
July	2759.6342	2727.1551	2747.4614
August	2756.5147	2743.5466	2750.3901
September	2748.1301	2730.2100	2740.6528
October	2753.2573	2740.9150	2745.6784
November	2772.1311	2735.4369	2750.3275
December	2754.0717	2728.4091	2747.0660