2023 NAD to MUR Historical Review

YEARLY HIGH

2.6598 MUR

YEARLY LOW

2.1954 MUR

YEARLY AVERAGE

2.4414 MUR

2023 NAD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 2.6598. Conversely, the yearly low was recorded on October 26, dropping to 2.1954.

This high-to-low spread represents a total annual volatility of 0.4644 MUR. From a start-to-finish perspective, comparing the January average rate of 2.5837 to the December average rate of 2.3630, the exchange rate registered a net change of -8.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.6598 was down 14.13% compared to the 2022 peak of 3.0975, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NAD based on timing:

Yearly Peak High 13,299 MUR

2022 Average 13,618 MUR

Yearly Trough Low 10,977 MUR

Transaction Impact: A difference of 2,322.08 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6118

2.2748

JanuMarcMayJulySeptNove

NAD to MUR 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 2.4977, compared to 2.3851 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1127 points.

H1 Avg (Jan–Jun) 2.4977

H2 Avg (Jul–Dec) 2.3851

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2504 MUR (High: 2.4588 / Low: 2.2084). On the other end, March was the most stable month, with a tight range of 0.1002 MUR (High: 2.5930 / Low: 2.4927).

November Spread (Volatile) ±0.2504

March Spread (Stable) ±0.1002

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.1025 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.5581) against the same month in 2022 (average: 2.8719), the exchange rate shifted by -0.3139 (-10.93%).

2023 Avg (February) 2.5581

2022 Avg (February) 2.8719

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6494	2.5399	2.5837
February	2.6598	2.4932	2.5581
March	2.5930	2.4927	2.5418
April	2.5663	2.4469	2.4838
May	2.4891	2.3112	2.3814
June	2.5036	2.3236	2.4377
July	2.6091	2.4011	2.4991
August	2.4767	2.2844	2.4145
September	2.4380	2.3184	2.3710
October	2.3654	2.1954	2.3029
November	2.4588	2.2084	2.3598
December	2.4398	2.3043	2.3630