2023 MVR to KES Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to KES Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 10.2141. Conversely, the yearly low was recorded on January 2, dropping to 8.0137.
This high-to-low spread represents a total annual volatility of 2.2004 KES. From a start-to-finish perspective, comparing the January average rate of 8.0571 to the December average rate of 10.0475, the exchange rate registered a net change of 24.70% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 10.2141 was up 27.18% compared to the 2022 peak of 8.0315, 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 KES 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 8.5760, compared to 9.6173 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0413 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.3391 KES (High: 8.5983 / Low: 8.2593). On the other end, January was the most stable month, with a tight range of 0.0907 KES (High: 8.1044 / Low: 8.0137).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 10.0475) against the same month in 2022 (average: 8.0042), the exchange rate shifted by +2.0433 (+25.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.1044 | 8.0137 | 8.0571 |
| February | 8.2747 | 8.1077 | 8.1831 |
| March | 8.5983 | 8.2593 | 8.4275 |
| April | 8.8630 | 8.5983 | 8.7491 |
| May | 9.0621 | 8.8061 | 8.9418 |
| June | 9.2033 | 8.9560 | 9.0973 |
| July | 9.2769 | 9.0338 | 9.1966 |
| August | 9.4417 | 9.2664 | 9.3514 |
| September | 9.6234 | 9.4235 | 9.5201 |
| October | 9.7919 | 9.5499 | 9.6996 |
| November | 9.9780 | 9.6880 | 9.8883 |
| December | 10.2141 | 9.9182 | 10.0475 |