2023 MYR to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MYR to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MYR to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on February 9, valuing the pair at 134.8427. Conversely, the yearly low was recorded on October 29, dropping to 110.8714.
This high-to-low spread represents a total annual volatility of 23.9714 CRC. From a start-to-finish perspective, comparing the January average rate of 132.7683 to the December average rate of 112.7600, the exchange rate registered a net change of -15.07% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 134.8427 was down 14.29% compared to the 2022 peak of 157.3274, 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 CRC 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 123.5068, compared to 114.4596 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.0473 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 10.0996 CRC (High: 134.8427 / Low: 124.7431). On the other end, December was the most stable month, with a tight range of 2.0316 CRC (High: 113.6852 / Low: 111.6536).
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 February and March, when the average rate fell by 7.4437 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 129.5081) against the same month in 2022 (average: 153.1604), the exchange rate shifted by -23.6523 (-15.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 134.7826 | 129.6057 | 132.7683 |
| February | 134.8427 | 124.7431 | 129.5081 |
| March | 124.9364 | 119.3650 | 122.0643 |
| April | 123.2003 | 119.2551 | 121.0530 |
| May | 122.4819 | 116.0373 | 118.9947 |
| June | 118.1657 | 115.0179 | 116.6527 |
| July | 120.1241 | 115.4323 | 117.6258 |
| August | 120.5234 | 114.5240 | 116.7644 |
| September | 116.0179 | 112.9113 | 114.4217 |
| October | 114.1092 | 110.8714 | 112.0925 |
| November | 114.9341 | 111.2199 | 113.0929 |
| December | 113.6852 | 111.6536 | 112.7600 |