2023 MYR to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MYR to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MYR to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 21.2467. Conversely, the yearly low was recorded on November 18, dropping to 14.6840.
This high-to-low spread represents a total annual volatility of 6.5628 AFN. From a start-to-finish perspective, comparing the January average rate of 20.5323 to the December average rate of 15.0197, the exchange rate registered a net change of -26.85% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 21.2467 was down 15.64% compared to the 2022 peak of 25.1871, indicating shifts in long-term support levels.
Comparing the value generated converting 20,000 MYR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MYR to AFN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 19.7268, compared to 16.6681 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.0586 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 1.8403 AFN (High: 17.5284 / Low: 15.6881). On the other end, December was the most stable month, with a tight range of 0.6032 AFN (High: 15.4016 / Low: 14.7984).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 1.6616 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 20.5453) against the same month in 2022 (average: 22.2750), the exchange rate shifted by -1.7297 (-7.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.0213 | 19.9063 | 20.5323 |
| February | 21.2467 | 19.7266 | 20.5453 |
| March | 19.9955 | 19.2262 | 19.6000 |
| April | 20.6337 | 19.2469 | 19.5805 |
| May | 19.8981 | 18.9089 | 19.3690 |
| June | 19.1179 | 18.2226 | 18.7334 |
| July | 19.3980 | 18.3205 | 18.8641 |
| August | 19.1580 | 17.5014 | 18.3166 |
| September | 17.5284 | 15.6881 | 16.6550 |
| October | 16.6210 | 15.3952 | 15.9186 |
| November | 16.0236 | 14.6840 | 15.2347 |
| December | 15.4016 | 14.7984 | 15.0197 |