2023 MYR to AZN Historical Review

YEARLY HIGH

0.4006 AZN

YEARLY LOW

0.3549 AZN

YEARLY AVERAGE

0.3732 AZN

2023 MYR to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 0.4006. Conversely, the yearly low was recorded on October 24, dropping to 0.3549.

This high-to-low spread represents a total annual volatility of 0.0457 AZN. From a start-to-finish perspective, comparing the January average rate of 0.3928 to the December average rate of 0.3650, the exchange rate registered a net change of -7.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4006 was down 1.68% compared to the 2022 peak of 0.4074, 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 8,011 AZN

2022 Average 7,739 AZN

Yearly Trough Low 7,098 AZN

Transaction Impact: A difference of 913.19 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3963

0.3548

JanuMarcMayJulySeptNove

MYR to AZN 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 0.3818, compared to 0.3647 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0171 points.

H1 Avg (Jan–Jun) 0.3818

H2 Avg (Jul–Dec) 0.3647

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0215 AZN (High: 0.4004 / Low: 0.3788). On the other end, September was the most stable month, with a tight range of 0.0047 AZN (High: 0.3658 / Low: 0.3610).

February Spread (Volatile) ±0.0215

September Spread (Stable) ±0.0047

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 0.0091 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0091

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3928) against the same month in 2022 (average: 0.4058), the exchange rate shifted by -0.0130 (-3.20%).

2023 Avg (January) 0.3928

2022 Avg (January) 0.4058

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4006	0.3858	0.3928
February	0.4004	0.3788	0.3895
March	0.3855	0.3757	0.3804
April	0.3865	0.3809	0.3842
May	0.3831	0.3675	0.3764
June	0.3714	0.3635	0.3673
July	0.3759	0.3640	0.3702
August	0.3759	0.3652	0.3688
September	0.3658	0.3610	0.3632
October	0.3621	0.3549	0.3583
November	0.3667	0.3563	0.3625
December	0.3700	0.3617	0.3650