2023 MVR to VND Historical Review

YEARLY HIGH

1598.9061 VND

YEARLY LOW

1521.1657 VND

YEARLY AVERAGE

1550.6664 VND

2023 MVR to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on November 1, valuing the pair at 1598.9061. Conversely, the yearly low was recorded on January 12, dropping to 1521.1657.

This high-to-low spread represents a total annual volatility of 77.7403 VND. From a start-to-finish perspective, comparing the January average rate of 1525.5501 to the December average rate of 1579.6665, the exchange rate registered a net change of 3.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1598.9061 was down 1.15% compared to the 2022 peak of 1617.5713, 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 7,994,530 VND

2022 Average 7,589,297 VND

Yearly Trough Low 7,605,829 VND

Transaction Impact: A difference of 388,701.60 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1597.6008

1519.0001

JanuMarcMayJulySeptNove

MVR to VND 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 1531.8081, compared to 1569.5247 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 37.7166 points.

H1 Avg (Jan–Jun) 1531.8081

H2 Avg (Jul–Dec) 1569.5247

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 33.8008 VND (High: 1598.9061 / Low: 1565.1052). On the other end, April was the most stable month, with a tight range of 7.7691 VND (High: 1531.7794 / Low: 1524.0104).

November Spread (Volatile) ±33.8008

April Spread (Stable) ±7.7691

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 7.4004 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -7.4004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1583.6503) against the same month in 2022 (average: 1611.4972), the exchange rate shifted by -27.8470 (-1.73%).

2023 Avg (November) 1583.6503

2022 Avg (November) 1611.4972

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1534.7465	1521.1657	1525.5501
February	1552.4033	1526.6543	1540.1967
March	1545.6026	1522.8996	1535.2170
April	1531.7794	1524.0104	1528.2134
May	1535.5218	1526.8333	1529.2024
June	1540.0065	1529.1644	1532.4688
July	1544.6890	1532.1637	1538.7788
August	1570.7872	1542.3876	1552.7613
September	1583.5895	1556.1904	1571.2404
October	1597.8116	1583.3699	1591.0507
November	1598.9061	1565.1052	1583.6503
December	1586.8078	1574.7562	1579.6665