2023 MVR to PYG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to PYG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 487.8832. Conversely, the yearly low was recorded on March 18, dropping to 461.6942.
This high-to-low spread represents a total annual volatility of 26.1890 PYG. From a start-to-finish perspective, comparing the January average rate of 479.4759 to the December average rate of 478.6684, the exchange rate registered a net change of -0.17% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 487.8832 was up 2.31% compared to the 2022 peak of 476.8454, 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 PYG 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 471.7562, compared to 476.5091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.7530 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 13.9241 PYG (High: 475.6183 / Low: 461.6942). On the other end, August was the most stable month, with a tight range of 3.8037 PYG (High: 474.8493 / Low: 471.0456).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 8.0309 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 484.0427) against the same month in 2022 (average: 466.1060), the exchange rate shifted by +17.9368 (+3.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 484.2844 | 473.6292 | 479.4759 |
| February | 480.5226 | 472.0839 | 475.5609 |
| March | 475.6183 | 461.6942 | 467.5301 |
| April | 473.5433 | 463.4162 | 466.1340 |
| May | 472.2490 | 465.6040 | 469.2999 |
| June | 476.1077 | 468.8793 | 472.5360 |
| July | 474.6150 | 468.0880 | 472.3449 |
| August | 474.8493 | 471.0456 | 473.0756 |
| September | 474.9319 | 469.1141 | 471.8971 |
| October | 485.7953 | 472.6003 | 479.0259 |
| November | 487.8832 | 478.6446 | 484.0427 |
| December | 484.7244 | 473.0669 | 478.6684 |