2023 MVR to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 1361.1506. Conversely, the yearly low was recorded on March 19, dropping to 1080.8385.
This high-to-low spread represents a total annual volatility of 280.3122 LAK. From a start-to-finish perspective, comparing the January average rate of 1104.3444 to the December average rate of 1343.5817, the exchange rate registered a net change of 21.66% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1361.1506 was up 13.72% compared to the 2022 peak of 1196.8861, 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 LAK 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 1126.5303, compared to 1304.7864 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 178.2561 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 76.8991 LAK (High: 1235.4306 / Low: 1158.5315). On the other end, December was the most stable month, with a tight range of 18.6775 LAK (High: 1352.3323 / Low: 1333.6548).
Growth Streaks & Declines
TrendsBetween March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 5.2780 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 1346.6982) against the same month in 2022 (average: 1113.9618), the exchange rate shifted by +232.7364 (+20.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1126.3925 | 1091.8289 | 1104.3444 |
| February | 1107.3625 | 1087.5840 | 1099.0664 |
| March | 1103.5042 | 1080.8385 | 1097.6236 |
| April | 1128.9063 | 1103.5042 | 1116.3610 |
| May | 1160.7183 | 1125.4943 | 1143.8164 |
| June | 1235.4306 | 1158.5315 | 1197.9700 |
| July | 1255.8735 | 1225.0163 | 1242.6427 |
| August | 1275.8462 | 1243.9739 | 1264.7766 |
| September | 1326.8326 | 1272.6391 | 1292.4342 |
| October | 1348.0808 | 1325.0063 | 1338.5848 |
| November | 1361.1506 | 1334.0959 | 1346.6982 |
| December | 1352.3323 | 1333.6548 | 1343.5817 |