2023 MYR to INR Historical Review

YEARLY HIGH

19.4034 INR

YEARLY LOW

17.3312 INR

YEARLY AVERAGE

18.1243 INR

2023 MYR to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 19.4034. Conversely, the yearly low was recorded on October 24, dropping to 17.3312.

This high-to-low spread represents a total annual volatility of 2.0722 INR. From a start-to-finish perspective, comparing the January average rate of 18.8830 to the December average rate of 17.8735, the exchange rate registered a net change of -5.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.4034 was up 3.26% compared to the 2022 peak of 18.7899, 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 388,068 INR

2022 Average 357,420 INR

Yearly Trough Low 346,625 INR

Transaction Impact: A difference of 41,443.13 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.0726

17.3996

JanuMarcMayJulySeptNove

MYR to INR 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 18.4525, compared to 17.7961 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6564 points.

H1 Avg (Jan–Jun) 18.4525

H2 Avg (Jul–Dec) 17.7961

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.9888 INR (High: 19.4034 / Low: 18.4146). On the other end, September was the most stable month, with a tight range of 0.1541 INR (High: 17.8204 / Low: 17.6663).

February Spread (Volatile) ±0.9888

September Spread (Stable) ±0.1541

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 February and March, when the average rate fell by 0.5340 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5340

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 18.9332) against the same month in 2022 (average: 17.9057), the exchange rate shifted by +1.0275 (+5.74%).

2023 Avg (February) 18.9332

2022 Avg (February) 17.9057

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.2225	18.5577	18.8830
February	19.4034	18.4146	18.9332
March	18.6314	18.1158	18.3992
April	18.6371	18.3205	18.5223
May	18.4672	17.8883	18.2243
June	18.0255	17.5255	17.7530
July	18.2165	17.5595	17.8984
August	18.2184	17.7527	17.9712
September	17.8204	17.6663	17.7424
October	17.6847	17.3312	17.5390
November	17.9495	17.4481	17.7521
December	18.1108	17.7095	17.8735