2023 MVR to PEN Historical Review

YEARLY HIGH

0.2542 PEN

YEARLY LOW

0.2310 PEN

YEARLY AVERAGE

0.2433 PEN

2023 MVR to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.2542. Conversely, the yearly low was recorded on July 17, dropping to 0.2310.

This high-to-low spread represents a total annual volatility of 0.0232 PEN. From a start-to-finish perspective, comparing the January average rate of 0.2485 to the December average rate of 0.2430, the exchange rate registered a net change of -2.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2542 was down 2.11% compared to the 2022 peak of 0.2597, 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 1,271 PEN

2022 Average 1,243 PEN

Yearly Trough Low 1,155 PEN

Transaction Impact: A difference of 115.92 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2515

0.2324

JanuMarcMayJulySeptNove

MVR to PEN 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 0.2444, compared to 0.2423 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.2444

H2 Avg (Jul–Dec) 0.2423

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0096 PEN (High: 0.2542 / Low: 0.2446). On the other end, May was the most stable month, with a tight range of 0.0043 PEN (High: 0.2418 / Low: 0.2375).

January Spread (Volatile) ±0.0096

May Spread (Stable) ±0.0043

Growth Streaks & Declines

Trends

Between July and October, 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 April and May, when the average rate fell by 0.0046 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2485) against the same month in 2022 (average: 0.2520), the exchange rate shifted by -0.0035 (-1.39%).

2023 Avg (January) 0.2485

2022 Avg (January) 0.2520

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2542	0.2446	0.2485
February	0.2536	0.2476	0.2499
March	0.2472	0.2426	0.2457
April	0.2464	0.2396	0.2446
May	0.2418	0.2375	0.2401
June	0.2409	0.2348	0.2376
July	0.2369	0.2310	0.2340
August	0.2427	0.2348	0.2401
September	0.2466	0.2391	0.2415
October	0.2518	0.2464	0.2495
November	0.2492	0.2424	0.2454
December	0.2459	0.2396	0.2430