2023 MVR to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 1375.0492. Conversely, the yearly low was recorded on March 29, dropping to 1145.2188.
This high-to-low spread represents a total annual volatility of 229.8304 SLL. From a start-to-finish perspective, comparing the January average rate of 1148.2587 to the December average rate of 1364.0587, the exchange rate registered a net change of 18.79% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1375.0492 was up 18.90% compared to the 2022 peak of 1156.4648, 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 SLL 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 1150.0878, compared to 1332.1000 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 182.0122 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 219.7577 SLL (High: 1366.0912 / Low: 1146.3335). On the other end, February was the most stable month, with a tight range of 1.4837 SLL (High: 1151.5488 / Low: 1150.0651).
Growth Streaks & Declines
TrendsBetween March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 3.9572 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 1364.8525) against the same month in 2022 (average: 1144.5654), the exchange rate shifted by +220.2871 (+19.25%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1151.5488 | 1146.3335 | 1148.2587 |
| February | 1151.5488 | 1150.0651 | 1150.5385 |
| March | 1151.5488 | 1145.2188 | 1148.9688 |
| April | 1150.8143 | 1146.3335 | 1150.2405 |
| May | 1154.5752 | 1150.0651 | 1151.1912 |
| June | 1154.5752 | 1150.0651 | 1151.3291 |
| July | 1366.0912 | 1146.3335 | 1176.6691 |
| August | 1367.8735 | 1361.6558 | 1364.1217 |
| September | 1363.8699 | 1355.0565 | 1360.1645 |
| October | 1366.0912 | 1360.7722 | 1362.7338 |
| November | 1375.0492 | 1357.2492 | 1364.8525 |
| December | 1366.0912 | 1361.6558 | 1364.0587 |