2023 MVR to THB Historical Review

YEARLY HIGH

2.4131 THB

YEARLY LOW

2.1266 THB

YEARLY AVERAGE

2.2619 THB

2023 MVR to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 2.4131. Conversely, the yearly low was recorded on January 21, dropping to 2.1266.

This high-to-low spread represents a total annual volatility of 0.2865 THB. From a start-to-finish perspective, comparing the January average rate of 2.1585 to the December average rate of 2.2705, the exchange rate registered a net change of 5.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4131 was down 2.78% compared to the 2022 peak of 2.4820, 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 12,065 THB

2022 Average 11,358 THB

Yearly Trough Low 10,633 THB

Transaction Impact: A difference of 1,432.54 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3924

2.1373

JanuMarcMayJulySeptNove

MVR to THB 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 2.2235, compared to 2.3003 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0768 points.

H1 Avg (Jan–Jun) 2.2235

H2 Avg (Jul–Dec) 2.3003

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1629 THB (High: 2.2943 / Low: 2.1314). On the other end, April was the most stable month, with a tight range of 0.0413 THB (High: 2.2456 / Low: 2.2043).

February Spread (Volatile) ±0.1629

April Spread (Stable) ±0.0413

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 October and November, when the average rate fell by 0.0651 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0651

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2.3711) against the same month in 2022 (average: 2.4564), the exchange rate shifted by -0.0853 (-3.47%).

2023 Avg (October) 2.3711

2022 Avg (October) 2.4564

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2468	2.1266	2.1585
February	2.2943	2.1314	2.2191
March	2.2869	2.1898	2.2384
April	2.2456	2.2043	2.2253
May	2.2719	2.1850	2.2273
June	2.3279	2.2503	2.2724
July	2.3050	2.2096	2.2519
August	2.3076	2.2324	2.2796
September	2.3731	2.2749	2.3227
October	2.4131	2.3357	2.3711
November	2.3600	2.2543	2.3061
December	2.3228	2.2206	2.2705