2023 MYR to THB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MYR to THB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MYR to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 7.9169. Conversely, the yearly low was recorded on December 27, dropping to 7.4055.
This high-to-low spread represents a total annual volatility of 0.5114 THB. From a start-to-finish perspective, comparing the January average rate of 7.6717 to the December average rate of 7.4941, the exchange rate registered a net change of -2.32% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 7.9169 was down 4.02% compared to the 2022 peak of 8.2488, 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 THB 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 7.6662, compared to 7.5880 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0782 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.3209 THB (High: 7.8391 / Low: 7.5182). On the other end, May was the most stable month, with a tight range of 0.1240 THB (High: 7.6299 / Low: 7.5060).
Growth Streaks & Declines
TrendsBetween June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1587 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 7.8047) against the same month in 2022 (average: 7.7882), the exchange rate shifted by +0.0165 (+0.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.8548 | 7.5635 | 7.6717 |
| February | 7.9169 | 7.7077 | 7.8047 |
| March | 7.8391 | 7.5182 | 7.6991 |
| April | 7.8033 | 7.6157 | 7.7241 |
| May | 7.6299 | 7.5060 | 7.5654 |
| June | 7.6292 | 7.4814 | 7.5319 |
| July | 7.6513 | 7.4536 | 7.5392 |
| August | 7.6838 | 7.5141 | 7.6018 |
| September | 7.7900 | 7.5381 | 7.6501 |
| October | 7.8573 | 7.5429 | 7.6895 |
| November | 7.6842 | 7.4198 | 7.5532 |
| December | 7.6243 | 7.4055 | 7.4941 |