2023 MVR to KHR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to KHR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to KHR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 271.1661. Conversely, the yearly low was recorded on March 19, dropping to 259.6676.
This high-to-low spread represents a total annual volatility of 11.4985 KHR. From a start-to-finish perspective, comparing the January average rate of 267.4470 to the December average rate of 267.4207, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 271.1661 was up 0.46% compared to the 2022 peak of 269.9187, 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 KHR 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 266.4114, compared to 268.1700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7587 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 7.0643 KHR (High: 270.2406 / Low: 263.1763). On the other end, January was the most stable month, with a tight range of 1.9765 KHR (High: 268.3481 / Low: 266.3716).
Growth Streaks & Declines
TrendsBetween 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 February and March, when the average rate fell by 2.7482 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 267.9133) against the same month in 2022 (average: 266.5308), the exchange rate shifted by +1.3825 (+0.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 268.3481 | 266.3716 | 267.4470 |
| February | 270.2406 | 263.1763 | 266.0928 |
| March | 264.9066 | 259.6676 | 263.3446 |
| April | 268.5547 | 262.3090 | 264.6662 |
| May | 269.2498 | 267.0635 | 268.1857 |
| June | 269.8890 | 266.9533 | 268.7319 |
| July | 269.8890 | 266.2417 | 268.1667 |
| August | 270.1685 | 267.8256 | 269.2944 |
| September | 271.1661 | 266.2268 | 267.9133 |
| October | 269.2403 | 266.7825 | 268.3661 |
| November | 270.1911 | 265.1017 | 267.8590 |
| December | 268.5184 | 265.2944 | 267.4207 |