2023 MVR to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 37.4816. Conversely, the yearly low was recorded on March 18, dropping to 36.3993.
This high-to-low spread represents a total annual volatility of 1.0823 SOS. From a start-to-finish perspective, comparing the January average rate of 36.9665 to the December average rate of 37.1915, the exchange rate registered a net change of 0.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 37.4816 was down 1.33% compared to the 2022 peak of 37.9870, 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 SOS 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 37.0093, compared to 37.0708 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0614 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 0.6959 SOS (High: 37.3787 / Low: 36.6828). On the other end, December was the most stable month, with a tight range of 0.2362 SOS (High: 37.3141 / Low: 37.0779).
Growth Streaks & Declines
TrendsBetween March and June, 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 February and March, when the average rate fell by 0.0937 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 37.1345) against the same month in 2022 (average: 36.8642), the exchange rate shifted by +0.2703 (+0.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 37.0768 | 36.7936 | 36.9665 |
| February | 37.3787 | 36.6828 | 37.0374 |
| March | 37.0917 | 36.3993 | 36.9437 |
| April | 37.0884 | 36.7180 | 36.9902 |
| May | 37.2235 | 36.8980 | 37.0529 |
| June | 37.2294 | 36.7805 | 37.0653 |
| July | 37.1326 | 36.7164 | 36.9902 |
| August | 37.2173 | 36.8257 | 37.0282 |
| September | 37.1889 | 36.8286 | 36.9803 |
| October | 37.2264 | 36.9430 | 37.0999 |
| November | 37.4816 | 36.8072 | 37.1345 |
| December | 37.3141 | 37.0779 | 37.1915 |