2023 MYR to AED Historical Review

YEARLY HIGH

0.8655 AED

YEARLY LOW

0.7668 AED

YEARLY AVERAGE

0.8063 AED

2023 MYR to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 0.8655. Conversely, the yearly low was recorded on October 24, dropping to 0.7668.

This high-to-low spread represents a total annual volatility of 0.0987 AED. From a start-to-finish perspective, comparing the January average rate of 0.8487 to the December average rate of 0.7885, the exchange rate registered a net change of -7.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8655 was down 1.68% compared to the 2022 peak of 0.8803, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 17,309 AED

2022 Average 16,720 AED

Yearly Trough Low 15,336 AED

Transaction Impact: A difference of 1,973.04 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8562

0.7666

JanuMarcMayJulySeptNove

MYR to AED 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 0.8248, compared to 0.7878 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0369 points.

H1 Avg (Jan–Jun) 0.8248

H2 Avg (Jul–Dec) 0.7878

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0466 AED (High: 0.8651 / Low: 0.8185). On the other end, September was the most stable month, with a tight range of 0.0103 AED (High: 0.7903 / Low: 0.7801).

February Spread (Volatile) ±0.0466

September Spread (Stable) ±0.0103

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0199 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0199

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8487) against the same month in 2022 (average: 0.8768), the exchange rate shifted by -0.0281 (-3.21%).

2023 Avg (January) 0.8487

2022 Avg (January) 0.8768

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8655	0.8336	0.8487
February	0.8651	0.8185	0.8416
March	0.8329	0.8117	0.8217
April	0.8349	0.8229	0.8300
May	0.8276	0.7939	0.8130
June	0.8024	0.7854	0.7935
July	0.8123	0.7864	0.7999
August	0.8123	0.7891	0.7968
September	0.7903	0.7801	0.7847
October	0.7823	0.7668	0.7741
November	0.7922	0.7698	0.7830
December	0.7993	0.7814	0.7885