2023 MXN to MUR Historical Review

YEARLY HIGH

2.7634 MUR

YEARLY LOW

2.2511 MUR

YEARLY AVERAGE

2.5467 MUR

2023 MXN to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 2.7634. Conversely, the yearly low was recorded on January 1, dropping to 2.2511.

This high-to-low spread represents a total annual volatility of 0.5123 MUR. From a start-to-finish perspective, comparing the January average rate of 2.3273 to the December average rate of 2.5718, the exchange rate registered a net change of 10.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7634 was up 19.95% compared to the 2022 peak of 2.3037, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 138,169 MUR

2022 Average 110,056 MUR

Yearly Trough Low 112,554 MUR

Transaction Impact: A difference of 25,614.84 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7302

2.2907

JanuMarcMayJulySeptNove

MXN to MUR 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 2.5032, compared to 2.5902 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0870 points.

H1 Avg (Jan–Jun) 2.5032

H2 Avg (Jul–Dec) 2.5902

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.1987 MUR (High: 2.7138 / Low: 2.5152). On the other end, April was the most stable month, with a tight range of 0.0432 MUR (High: 2.5226 / Low: 2.4795).

September Spread (Volatile) ±0.1987

April Spread (Stable) ±0.0432

Growth Streaks & Declines

Trends

Between April and July, 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 September and October, when the average rate fell by 0.1501 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1501

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.6935) against the same month in 2022 (average: 2.2103), the exchange rate shifted by +0.4832 (+21.86%).

2023 Avg (July) 2.6935

2022 Avg (July) 2.2103

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4049	2.2511	2.3273
February	2.5322	2.3655	2.4593
March	2.6176	2.4320	2.5245
April	2.5226	2.4795	2.4985
May	2.6188	2.5004	2.5626
June	2.6935	2.5901	2.6467
July	2.7634	2.6390	2.6935
August	2.7491	2.6112	2.6783
September	2.7138	2.5152	2.6011
October	2.5542	2.4188	2.4509
November	2.6072	2.4843	2.5453
December	2.6382	2.5251	2.5718