2023 MVR to TWD Historical Review

YEARLY HIGH

2.1153 TWD

YEARLY LOW

1.9348 TWD

YEARLY AVERAGE

2.0261 TWD

2023 MVR to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 2.1153. Conversely, the yearly low was recorded on February 1, dropping to 1.9348.

This high-to-low spread represents a total annual volatility of 0.1805 TWD. From a start-to-finish perspective, comparing the January average rate of 1.9755 to the December average rate of 2.0304, the exchange rate registered a net change of 2.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1153 was up 0.74% compared to the 2022 peak of 2.0998, 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 10,577 TWD

2022 Average 9,656 TWD

Yearly Trough Low 9,674 TWD

Transaction Impact: A difference of 902.47 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1106

1.9592

JanuMarcMayJulySeptNove

MVR to TWD 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 1.9889, compared to 2.0633 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0744 points.

H1 Avg (Jan–Jun) 1.9889

H2 Avg (Jul–Dec) 2.0633

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0776 TWD (High: 2.1153 / Low: 2.0377). On the other end, May was the most stable month, with a tight range of 0.0148 TWD (High: 2.0078 / Low: 1.9930).

November Spread (Volatile) ±0.0776

May Spread (Stable) ±0.0148

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0455 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0455

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.0760) against the same month in 2022 (average: 2.0350), the exchange rate shifted by +0.0409 (+2.01%).

2023 Avg (November) 2.0760

2022 Avg (November) 2.0350

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9957	1.9561	1.9755
February	1.9988	1.9348	1.9718
March	2.0081	1.9689	1.9872
April	2.0026	1.9797	1.9899
May	2.0078	1.9930	2.0008
June	2.0354	1.9960	2.0083
July	2.0485	2.0016	2.0284
August	2.0833	2.0573	2.0698
September	2.0939	2.0648	2.0772
October	2.1091	2.0790	2.0980
November	2.1153	2.0377	2.0760
December	2.0528	1.9924	2.0304