2023 MYR to EUR Historical Review

YEARLY HIGH

0.2185 EUR

YEARLY LOW

0.1930 EUR

YEARLY AVERAGE

0.2029 EUR

2023 MYR to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 0.2185. Conversely, the yearly low was recorded on July 12, dropping to 0.1930.

This high-to-low spread represents a total annual volatility of 0.0255 EUR. From a start-to-finish perspective, comparing the January average rate of 0.2142 to the December average rate of 0.1966, the exchange rate registered a net change of -8.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2185 was down 3.31% compared to the 2022 peak of 0.2260, 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 4,371 EUR

2022 Average 4,323 EUR

Yearly Trough Low 3,860 EUR

Transaction Impact: A difference of 510.78 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2159

0.1948

JanuMarcMayJulySeptNove

MYR to EUR 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 0.2076, compared to 0.1982 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0094 points.

H1 Avg (Jan–Jun) 0.2076

H2 Avg (Jul–Dec) 0.1982

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0086 EUR (High: 0.2042 / Low: 0.1956). On the other end, September was the most stable month, with a tight range of 0.0034 EUR (High: 0.2022 / Low: 0.1988).

June Spread (Volatile) ±0.0086

September Spread (Stable) ±0.0034

Growth Streaks & Declines

Trends

Between July and September, 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 0.0053 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.2141) against the same month in 2022 (average: 0.2106), the exchange rate shifted by +0.0035 (+1.68%).

2023 Avg (February) 0.2141

2022 Avg (February) 0.2106

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2172	0.2107	0.2142
February	0.2185	0.2105	0.2141
March	0.2117	0.2063	0.2088
April	0.2097	0.2015	0.2057
May	0.2057	0.2010	0.2035
June	0.2042	0.1956	0.1992
July	0.2014	0.1930	0.1969
August	0.2010	0.1972	0.1988
September	0.2022	0.1988	0.2001
October	0.2023	0.1966	0.1995
November	0.2013	0.1945	0.1970
December	0.1991	0.1945	0.1966