2023 MVR to SEK Historical Review

YEARLY HIGH

0.7291 SEK

YEARLY LOW

0.6468 SEK

YEARLY AVERAGE

0.6904 SEK

2023 MVR to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 27, valuing the pair at 0.7291. Conversely, the yearly low was recorded on December 27, dropping to 0.6468.

This high-to-low spread represents a total annual volatility of 0.0822 SEK. From a start-to-finish perspective, comparing the January average rate of 0.6754 to the December average rate of 0.6663, the exchange rate registered a net change of -1.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7291 was down 0.88% compared to the 2022 peak of 0.7355, 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 3,645 SEK

2022 Average 3,281 SEK

Yearly Trough Low 3,234 SEK

Transaction Impact: A difference of 411.21 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7248

0.6610

JanuMarcMayJulySeptNove

MVR to SEK 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 0.6830, compared to 0.6978 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0148 points.

H1 Avg (Jan–Jun) 0.6830

H2 Avg (Jul–Dec) 0.6978

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0536 SEK (High: 0.7256 / Low: 0.6720). On the other end, April was the most stable month, with a tight range of 0.0180 SEK (High: 0.6848 / Low: 0.6668).

November Spread (Volatile) ±0.0536

April Spread (Stable) ±0.0180

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 0.0287 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0287

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.7165) against the same month in 2022 (average: 0.7211), the exchange rate shifted by -0.0046 (-0.64%).

2023 Avg (October) 0.7165

2022 Avg (October) 0.7211

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6936	0.6635	0.6754
February	0.6913	0.6714	0.6810
March	0.6991	0.6714	0.6836
April	0.6848	0.6668	0.6738
May	0.7098	0.6610	0.6831
June	0.7111	0.6906	0.7014
July	0.7121	0.6609	0.6848
August	0.7177	0.6882	0.7048
September	0.7268	0.7061	0.7195
October	0.7291	0.7056	0.7165
November	0.7256	0.6720	0.6950
December	0.6826	0.6468	0.6663