2023 MYR to SAR Historical Review

YEARLY HIGH

0.8846 SAR

YEARLY LOW

0.7832 SAR

YEARLY AVERAGE

0.8236 SAR

2023 MYR to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 0.8846. Conversely, the yearly low was recorded on October 24, dropping to 0.7832.

This high-to-low spread represents a total annual volatility of 0.1014 SAR. From a start-to-finish perspective, comparing the January average rate of 0.8679 to the December average rate of 0.8054, the exchange rate registered a net change of -7.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8846 was down 1.69% compared to the 2022 peak of 0.8998, 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 17,692 SAR

2022 Average 17,093 SAR

Yearly Trough Low 15,664 SAR

Transaction Impact: A difference of 2,028.14 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8757

0.7827

JanuMarcMayJulySeptNove

MYR to SAR 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 0.8427, compared to 0.8045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0381 points.

H1 Avg (Jan–Jun) 0.8427

H2 Avg (Jul–Dec) 0.8045

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0477 SAR (High: 0.8838 / Low: 0.8361). On the other end, September was the most stable month, with a tight range of 0.0106 SAR (High: 0.8071 / Low: 0.7965).

February Spread (Volatile) ±0.0477

September Spread (Stable) ±0.0106

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 May and June, when the average rate fell by 0.0201 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0201

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8679) against the same month in 2022 (average: 0.8959), the exchange rate shifted by -0.0279 (-3.12%).

2023 Avg (January) 0.8679

2022 Avg (January) 0.8959

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8846	0.8533	0.8679
February	0.8838	0.8361	0.8596
March	0.8516	0.8298	0.8401
April	0.8529	0.8405	0.8478
May	0.8454	0.8107	0.8303
June	0.8194	0.8019	0.8102
July	0.8296	0.8029	0.8168
August	0.8297	0.8059	0.8138
September	0.8071	0.7965	0.8013
October	0.7992	0.7832	0.7905
November	0.8089	0.7862	0.7995
December	0.8161	0.7982	0.8054