2023 MYR to CAD Historical Review

YEARLY HIGH

0.3154 CAD

YEARLY LOW

0.2814 CAD

YEARLY AVERAGE

0.2964 CAD

2023 MYR to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 0.3154. Conversely, the yearly low was recorded on June 26, dropping to 0.2814.

This high-to-low spread represents a total annual volatility of 0.0340 CAD. From a start-to-finish perspective, comparing the January average rate of 0.3101 to the December average rate of 0.2879, the exchange rate registered a net change of -7.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3154 was up 1.17% compared to the 2022 peak of 0.3117, 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 6,308 CAD

2022 Average 5,921 CAD

Yearly Trough Low 5,628 CAD

Transaction Impact: A difference of 679.55 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3124

0.2848

JanuMarcMayJulySeptNove

MYR to CAD 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 0.3028, compared to 0.2899 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0130 points.

H1 Avg (Jan–Jun) 0.3028

H2 Avg (Jul–Dec) 0.2899

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0124 CAD (High: 0.2938 / Low: 0.2814). On the other end, August was the most stable month, with a tight range of 0.0035 CAD (High: 0.2943 / Low: 0.2909).

June Spread (Volatile) ±0.0124

August Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

Between June and August, 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 May and June, when the average rate fell by 0.0124 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0124

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3101) against the same month in 2022 (average: 0.3015), the exchange rate shifted by +0.0086 (+2.86%).

2023 Avg (January) 0.3101

2022 Avg (January) 0.3015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3154	0.3051	0.3101
February	0.3152	0.3037	0.3083
March	0.3116	0.3038	0.3065
April	0.3082	0.3020	0.3055
May	0.3061	0.2939	0.2995
June	0.2938	0.2814	0.2871
July	0.2926	0.2835	0.2881
August	0.2943	0.2909	0.2925
September	0.2925	0.2862	0.2895
October	0.2914	0.2869	0.2890
November	0.2965	0.2888	0.2922
December	0.2914	0.2845	0.2879