2023 MYR to TJS Historical Review

YEARLY HIGH

2.4871 TJS

YEARLY LOW

2.2132 TJS

YEARLY AVERAGE

2.3706 TJS

2023 MYR to TJS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to TJS exchange rate experienced significant fluctuation. The market reached its absolute peak on April 5, valuing the pair at 2.4871. Conversely, the yearly low was recorded on March 8, dropping to 2.2132.

This high-to-low spread represents a total annual volatility of 0.2739 TJS. From a start-to-finish perspective, comparing the January average rate of 2.3644 to the December average rate of 2.3488, the exchange rate registered a net change of -0.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4871 was down 19.95% compared to the 2022 peak of 3.1070, 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 49,741 TJS

2022 Average 50,059 TJS

Yearly Trough Low 44,263 TJS

Transaction Impact: A difference of 5,477.92 TJS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4806

2.2960

JanuMarcMayJulySeptNove

MYR to TJS 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 2.3916, compared to 2.3496 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0420 points.

H1 Avg (Jan–Jun) 2.3916

H2 Avg (Jul–Dec) 2.3496

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.2610 TJS (High: 2.4741 / Low: 2.2132). On the other end, September was the most stable month, with a tight range of 0.0314 TJS (High: 2.3638 / Low: 2.3324).

March Spread (Volatile) ±0.2610

September Spread (Stable) ±0.0314

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 May and June, when the average rate fell by 0.0578 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0578

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 2.4652) against the same month in 2022 (average: 2.9393), the exchange rate shifted by -0.4741 (-16.13%).

2023 Avg (April) 2.4652

2022 Avg (April) 2.9393

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4223	2.2999	2.3644
February	2.4450	2.2314	2.3808
March	2.4741	2.2132	2.3624
April	2.4871	2.4170	2.4652
May	2.4612	2.3601	2.4173
June	2.3946	2.3207	2.3595
July	2.4200	2.3255	2.3795
August	2.4236	2.3549	2.3809
September	2.3638	2.3324	2.3461
October	2.3446	2.2856	2.3114
November	2.3673	2.2946	2.3306
December	2.3865	2.3236	2.3488